TotalBid Adds FirstLook
TotalBid adds FirstLook to further enhance its evaluation analytics. Project Managers are now provided with an immediate detailed report of high risk line item costs submitted by all bidders. Remember the days of receiving bids via Excel? Going through all the grueling analysis trying to compare apples to apples…The pain of sorting out the miscellaneous […]
TotalBId Launches SpeedLevel®
In an effort to expedite bid award, TotalBid has designed and developed an automated method for leveling bids. SpeedLevel® provides the user with a one-stop, interactive page, that performs a complete analysis of cost submittals; pinpointing high risk line items. This process greatly reduces subjectivity, eliminates manual comparison analysis, and allows for multiple leveling events […]
Sourcing Options: A Best Practice To Spend Less
It is generally accepted that if you want to obtain the lowest possible construction cost, competitive bidding is the answer. When competitive bidding is administered with pre-qualified contractors, the end result is enhanced. Competitive “open” bidding, as we know it today, has been a public sector best practice for the sourcing of construction services for […]
eSourcing For Construction Bidding?
Purchasing roles are evolving from traditional commodities procurement to also managing the sourcing of services, such as construction bidding for real estate, development and facilities maintenance efforts. Within the lasts few years, many of the world’s largest development brands and construction managent firms have followed this trend. Sourcing departments have tried to meet the challenge of adding construction […]
Online Productivity For Project Managers
CPBID Technologies has officially launched a robust product for project collaboration: online productivity for anyone managing any type of project. Construction professionals now have the ability to communicate with their team members like never before. This exciting new product offers web and mobile versions, and provides the following features and benefits:
Bid Leveling Is The Hottest Thing Since Cloud Computing!
The hottest thing since the Cloud Computing? OK maybe not, but definitely the hottest thing since competitive bidding. TotalBid has been enhanced to normalize the wide range of bid submittals typically received with every bid. This “bid-leveling” functionality is now a standard part of our flagship Bid Automation process; part and parcel of our standard construction bid management software.
Case Study: Bid Tools Aren’t Only for Large Projects
Many retailers and construction management firms competitively bid projects over a certain threshold; for example, some only use TotalBid for projects over $250,000. Interestingly, the bid process is the essentially the same for projects regardless of size. Further, when projects are bid using different systems and processes, then audit reporting and historical analyses become extremely difficult. […]
CPBID Technologies Named 2015 JLL Supplier Of Distinction Award Recipient For Innovation
Scottsdale, AZ April 4, 2016 – CPBID Technologies, LLC has announced it has been named the 2015 Jones Lang LaSalle (JLL) Supplier of Distinction Award recipient for Innovation. The Award was presented to CPBID Technologies by JLL’s Chief Procurement Officer at JLL’s Management Conference in Scottsdale, AZ. Supplier of Distinction award (SODA) recipients are selected from […]
Challenges With Cost-Plus And Fixed Price Contracts
When implementing cost-plus and fixed price contracts, the project owner and builder are in constant measure of cost control, maintaining low risk, and ensuring a timely project completion, among other important objectives. To this end, project success is created by many variables, including a solid contract agreement tied to a comprehensive project design, awarding contracts to […]
TotalBid Is So SaaS-y
The SaaS (software-as-a-service) model reduces overall costs and minimizes implementation time. The SaaS model has been an effective one that allows retail, financial and construction companies to reduce implementation costs and minimize the time to setup and implement technology, compared to traditional, complicated software. The SaaS model is essentially a webtop platform that hosts the technology on […]