Building a new booth can be a daunting challenge, especially when you’re new to the industry or issuing your first request for proposal. To help you navigate this uncharted territory, here’s a step-by-step guide.
1. Develop a timeline and budget
Establish a basic timeline for the build. Include the targeted months in which you identified potential exhibit houses, send a request for information (RFI), receive responses and narrow the field, issue an RFP to the remaining firms, review their presentations, select a new exhibit house, start and finish construction, and ship the booth to its first show.
2. Create a task force and gather information
By doing this, you allow a continuous flow of communication between you and your task force. This will prevent a lot of unnecessary mistakes caused by miscommunication. As your event draws near, it will become a struggle to get your team in the same room at the same time because the members of your task force will always be on the road. Try setting up video conferences to establish more face-to-face communication. As a result, everyone will be on the same page.
3. Identify Potential Exhibit Houses
Research exhibit houses and compile a list. Thoroughly research each company and conduct verbal interviews with companies that you believe can deliver your design, construction, and services requirements Attend educational conferences dedicated to expo and event professionals, so that you can identify as many feasible exhibit firms as possible. By doing this, you allow a continuous flow of communication between you and your task force. This will prevent a lot of unnecessary mistakes caused by miscommunication. As your event draws near, it will become a struggle to get your team in the same room at the same time because the members of your task force will always be on the road. Try setting up video conferences to establish more face-to-face communication. As a result, everyone will be on the same page.
4. Develop and issue the RFI
With questions developed by your task force, have your team create a Request for Information (RFI). This is an in-depth request for detailed and specific information regarding the exhibit house of interest. Here are some categories your RFI should possess:
5. Create The RFP
Use the research and information and requirements developed by your task force. You can break your FTP down into several components.
6. Issue the RFP
Once given the green light, send the RFP to the exhibit house(s) of your choice along with a confidentiality agreement (this basically states that you won’t share their intellectual property, and they can’t share yours) and a form of acceptance. A completed acceptance form is an indication that the exhibit house would now be entering the RFP process and intends on following through to final completion.
7. Check Financials and References
While your sent proposals are being worked out by selected firms, your accounting team should perform a financial check on each company to find out if they’re in good financial standing. This process may seem tedious but it’s a great way to look at a company’s strengths and weaknesses and determine if they completely meet the needs of your company.
8. Perform Site Visits
Visits are the perfect way to spend more face time with company representatives, scope the corporate environment and get a good look on the general attitude of its employees. You will receive a first-hand sense of the quality, service, and efficiency of each company.
9. Analyze the Presentations
Now it’s time for the firm to present their designs. Here’s how you can evaluate the proposal:
10. Select and Notify the Winners and Losers
So you’ve seen about all the presentations that you could see. Your awesome task force submitted their scores and calculated the results, and now you have a winner. What’s next?
11. Prepare an executive summary
Compose a one-page executive report for management that explains the entire booth-building process at a glance – including what you used to have, what you needed, what plans were presented, your recommendation, and your reasoning. Then send the summary to your vice president of commercial development and your CEO, who would quickly approve the purchase. Even the most well-planned process is prone to a problem or two. That’s why Artsolute Media Group is here to make sure it’s simple and easy for you. Stand out and stand up to your competition. We’re here to help you put your best foot forward.