If $W$ is any vector space, you can talk about a $W$-valued $(p,q)$-tensor. By definition, it is just a multilinear map $T: V^{\times p} \times (V^*)^{\times q} \to W$. Cases of interest being $W = \Bbb K$, $W = V$ and $W = V^*$.
If you have a bilinear map $\mu\colon W_1 \times W_2 \to W_3$, where $W_i$ ($i=1,2,3$) are vector spaces, you can define the $\mu$-tensor product of a $W_1$-valued $(p,q)$-tensor and a $W_2$-valued $(p',q')$-tensor as a $W_3$-valued $(p+p',q+q')$-tensor via the formula $$(T\otimes_\mu S)(v_1,\ldots, v_{p+p'}, \xi^1, \ldots, \xi^{q+q'}) = \mu\left(T(v_1,\ldots, v_p, \xi^1,\ldots, \xi^q), S(v_{p+1},\ldots, v_{p+p'}, \xi^{q+1},\ldots, \xi^{q+q'})\right).$$The usual tensor product comes from the usual multiplication $\mu\colon \Bbb K \times \Bbb K \to \Bbb K$, $\mu(x,y)=xy$. This is particularly interesting when we focus on forms. More precisely, if $\alpha$ is a $W_1$-valued $k$-form and $\beta$ is a $W_2$-valued $\ell$-form, one obtains a $W_3$-valued $(k+\ell)$-form via $$\alpha \wedge_\mu \beta(v_1,\ldots, v_{k+\ell}) = \sum_{\sigma \in S_{k+\ell}} {\rm sgn}(\sigma) \mu\left(\alpha(v_{\sigma(1)},\ldots, v_{\sigma(k)}), \beta(v_{\sigma(k+1)},\ldots, v_{\sigma(k+\ell)})\right).$$It is not necessarily true that $\beta \wedge_\mu \alpha = (-1)^{k\ell} \alpha\wedge_\mu \beta$ anymore, as this sort of symmetry depends on $\mu$. Some very special cases are:
- $W_1 = \Bbb K$ and $W_3 = W_2$, with $\mu\colon \Bbb K \times W_2 \to W_2$ given by $\mu(\lambda, v) = \lambda v$. Here $\beta \wedge \alpha = (-1)^{k\ell} \alpha\wedge \beta$ is true.
- When $W_1 = W_2=W_3 = \mathfrak{g}$ is a Lie algebra and $\mu = [\cdot,\cdot]$ is the Lie bracket. Here we have the modified identity $\beta \wedge_{[\cdot,\cdot]} \alpha = (-1)^{k\ell+1} \alpha \wedge_{[\cdot,\cdot]} \beta$, as skew-symmetry of $[\cdot,\cdot]$ gives an extra minus sign.
On the manifold level, you can look at $E$-valued $(p,q)$-tensor fields on a manifold $M$, where $E \to M$ is any vector bundle over $M$. More precisely, such $E$-valued tensor fields are sections of the bundle $T^*M^{\otimes p}\otimes TM^{\otimes q}\otimes E$. In particular, for $1$-form valued tensors, $E = T^*M$.
If $E \to M$ is equipped with a linear connection $\nabla$ (even in the case $E = TM$, this need not necessarily be the Levi-Civita connection of any pseudo-Riemannian metric on $M$), one may mimic the classical Palais formula to define a covariant exterior derivative ${\rm d}^\nabla \colon \Omega^k(M;E) \to \Omega^{k+1}(M;E)$ via $$({\rm d}^\nabla \alpha)(X_0,\ldots, X_k) = \sum_{i=0}^k (-1)^i \nabla_{X_i}(\alpha(X_0,\ldots, \hat{X_i},\ldots, X_k)) + \sum_{i<j} (-1)^{i+j} \alpha([X_i,X_j], X_0,\ldots, \hat{X_i},\ldots, \hat{X_j},\ldots, X_k).$$This does not satisfy ${\rm d}^\nabla \circ {\rm d}^\nabla = 0$ --- this is true if and only if $\nabla$ is a flat connection. A section $\psi$ of $E \to M$ is the same thing as a $E$-valued $0$-form, and we have things like $({\rm d}^\nabla \psi)(X) = \nabla_X\psi$, $(({\rm d}^\nabla)^2\psi)(X,Y) = R^\nabla(X,Y)\psi$, and so on. If $E$ is a trivial vector bundle, then ${\rm d}^\nabla = {\rm d}$ is the usual exterior derivative.
When $E = TM$, the torsion $\tau^\nabla$ (given by $\tau^\nabla(X,Y) = \nabla_XY-\nabla_YX-[X,Y]$) can be seen as a $TM$-valued $2$-form, and a direct computation shows that $$({\rm d}^\nabla \tau^\nabla)(X,Y,Z) = R^\nabla(X,Y)Z + R^\nabla(Y,Z)X + R^\nabla(Z,X)Y,$$so we see that if $\nabla$ is torsion free, the first Bianchi identity holds, and its content is nothing more than "the derivative of zero equals zero" (in other words, the first Bianchi identity is an algebraic "accident" caused by lack of torsion).
Back to the general case $(E,\nabla) \to M$, one may see the curvature as a ${\rm End}(E)$-valued $2$-form. The second Bianchi identity can be phrased as ${\rm d}^\nabla R^{\nabla} = 0$ and is always true.
This sort of formalism is useful when studying gauge theories and connections in principal bundles, as a gauge field $A$ for a principal $G$-bundle $P \to M$ is nothing more than a certain $\mathfrak{g}$-valued $1$-form, and the gauge strength $F_A$ is a $\mathfrak{g}$-valued $2$-form defined from taking suitable derivatives of $A$.
This should give you enough context already, so I'll stop here.