Many businesses are required to continually apply for public RFPs, even if they’ve already been chosen as the preferred vendor and their contract renewal is nothing more than a formality. That said, there are some nightmare scenarios in which administrative oversights have resulted in missed deadlines and cost organizations millions (in some cases billions) in revenue. Here’s an infamous one in which Park City Mountain Resorts forgot to renew its lease and ended up losing the mountain (and its entire business) to Vail Mountain Resorts.

If / when the future of your business depends on the renewal of contracts, it’s imperative that you use all of the tools at your disposal to ensure that these deadlines don’t fall through the cracks.

You can check out Mark Denton’s post for more information and other types of tools that can save you time while helping you find more RFPs that are relevant to your business.