Bid Automation

Decrease Time and Effort. Streamline & Standardize Workflow 

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Multistage Bidding

Reduce Spend Using Well Controlled Two Stage Process 

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Lot         Bidding

Bundle Similar Projects and Leverage Economies of Scale

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Lot Bidding

Leverage Economies of Scale on Similar Projects! 

 

TotalBId's Lot Bidding product will optimize your spend and help you save a lot of time and effort in the process. Lot Bidding gives you the flexibility to award individual projects, or award the entire Lot, based on the bidder's proposed Lot discount.

 

Lot Bidding is the ideal solution when you have multiple projects of a similar nature scheduled for construction during a specific time frame, such as a major remodel of various floors in the same building, or multiple remodel projects in the same geographical location. Regardless, Lot Bidding gives you the opportunity to expedite the bid award process while at the same time benefit from the contractor's proposed discount, if awarded all projects within the Lot. This process also provides in-depth reporting specific to Lot bidding.  

 

In addition to management, control and reporting benefits of the Lot Bidding product, savings goes direct to the bottom line by way of a Lot Discount - current average is over 7%. And there's more. Additional efficiencies of the Lot Bidding product includes: 

 

  • Invite Bidders 1 time
  • View Bidder Activity and Stats at 1 place
  • Upload and Review Notes & Addenda at 1 place
  • Reassign the Lot to a different PM with one click

 

Contact your TotalBid representative today click here to find out how you can start saving time and money on every project right away.