The Federal Government has approved Melbourne Airport’s third runway, which will provide crucial infrastructure capacity for Victoria and support the creation of thousands of new jobs. The construction process is estimated to take 4 to 5 years, and the new runway is projected to be operational by 2031. 

The Hon Catherine King MP, Minister for Infrastructure, Transport, Regional Development, and Local Government, has approved the Major Development Plan for the project, paving the way for detailed design and construction to commence immediately. 

The 3-kilometre runway will be built parallel and 1.3 kilometres to the west of the existing north-south runway, along with new taxiways and other necessary infrastructure. The additional runway is expected to boost the Victorian economy by $6 billion per year.  

These are significant endeavours involving enterprises and the government, requiring the investment of billions of dollars in taxpayers’ funds, which must be done efficiently and sustainably.  

The bidding process will involve tenders and bids that need to be comprehensive, accurate, creative, and timely, considering the proposed opening is less than 7 years away.  

AutogenAI, a specialised software tool, stores all the written materials, bids, and proposals produced by a company in its corporate knowledge library. This includes the company’s tone of voice, ensuring secure, quick, and efficient access to highly specialised documents. For example, while it previously took 4 weeks to produce the first draft of a bid document, AutogenAI can generate a first draft within 2 hours.  

In the realm of government investments on this scale, bid and tender writing specialised software like AutogenAI is becoming the dominant player, especially with the pressing deadlines to deliver within a short timeframe.  

Companies that do not utilise software like AutogenAI will struggle to remain competitive in this space. Without the support of AI, it is akin to building a house without power tools or an accountant creating a spreadsheet without Microsoft Excel. In today’s business landscape, utilising specialised software tools like AutogenAI is the norm.  

It is estimated that the cost of writing a bid is 10% of the value of the bid. If these initial bid writing costs can be reduced and used in the actual project, it represents the most efficient use of taxpayers’ money.  

 

How does the use of AutogenAI software help compose winning bids with its specialist writing tools?  

1. The LibraryAI, as it is known, is the location where a company uploads all previous tenders, proposals, grants, and case studies. AutogenAI software searches through a company’s own library at the press of a button. Instead of writers stumbling around trying to find the perfect paragraph written 3 years ago, this key historical information is securely stored and ready for immediate use. AutogenAI can swiftly generate bid content, offering super-fast access to reliable information to accelerate the drafting process.  

1. InternetAI allows users to search reliable and secure internet sources for research.  

2. AutogenAI analyses Request for Tender questions and requirements, extracting key themes and necessary information. The software generates outlines, offer compliance checklists, and customises content to incorporate win themes. 

3. AutogenAI frees bid writers to focus on strategic elements of the bid, such as win themes, differentiators, tone adaptation, research, and buyer profiling.  

4. AutogenAI users, such as Serco, have found an 85% efficiency in using the tool to write large bids. 

 

To learn more about how AutogenAI can transform your bid and proposal writing process, contact us today.