Cost isn’t the only factor involved in awarding a viable bid. You also need to score your bidder’s history and current capabilities. So, how does one judge a contractor for their past performances and current capabilities?….. Many factors can play into this when you consider that a GC’s performance is essentially only as good as […]
TotalBid has further enhanced the powerful Bid Leveling features to include more types of bid sheets. In addition to our standard formats, our patented SpeedLevel feature now has the capability to level numerous bidders within a multiple tab advanced bid sheet (ABS). This is powerful construction management technology that translates into immediate time and cost […]
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 – TotalBid, reducing risk from invitation through bid award.
TotalBid introduces Advanced Bid Sheet (ABS) option. Project managers can now upload Excel based bid sheets to their projects. With no restriction on the number of columns or rows, a full scope of sourcing needs can be listed for pricing. Better yet, regardless the complexity, comparison reports are easy to read. This combined with the […]
In an effort to expedite bid award, TotalBid has designed and developed an automated method for leveling bids. This process greatly reduces subjectivity, pinpoints high risk line items, and allows for multiple leveling events to take place simultaneously. SpeedLevel® not only reduces risk but also reduces the time required from bid analysis to bid award. […]
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 […]
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 […]
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:
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.
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. […]