For Release 8 a.m. EST February 15, 2011 CPBid Technologies Announces the latest trend in Multistage Bidding Adoption TotalBid's Multistage Bidding Product has Shown Increased rate of Adoption to Reduce Construction Costs

Palm Beach Gardens - January 10, 2011 - Today CPBid Technologies announced a 38% increased rate in adoption of the TotalBid's Multistage Bidding product, showcasing how companies have easily deployed Multistage Bidding with the latest updates. Unprecedented customer savings of over 22 million dollars in the last 12 months was also cited as a contributor to the amazing rate of adoption.

"Our multistage bidding product is experiencing unprecedented success," said Blake Burns, President & CEO at CPBid Technologies. "With an average time savings of 75% during the bid and an average financial savings of over 5% per construction project and over 10% for commodities procurement, a record number of clients are turning to this product to create measurable savings on all of their construction projects."

Record Rate of Customer Conversions

Many customers have already benefited from utilizing the multistage bidding process. Holiday Companies, a leader in the convenience store industry recently reported a 5% to 7% savings on their construction projects when using TotalBid's Multistage Bidding. "Using TotalBid allows project managers to get bid packages out much faster which of course allows each of them to handle more," said John Baregi, Director of Engineering for Holiday Companies.

Holiday Companies joined the ranks with the the largest toy store in North America and a user of Multistage Bidding for over 5 years, now followed by a leading supermaket chain in the southeastern US, and the leading car rental company in the Nation, both of which have recently adopted Multistage Bidding. Cost reduction is evidently a top priority for these companies!

TotalBid's Multistage Construction Bidding Availability

The Multistage Bidding product combines the benefits of TotalBid's standard Bid Automation process with construction cost reduction via multiple stages of bidding. This unique process flow offers more control over the construction bidding process and provides the bidder with more time to provide a thoughtful, thorough bid submittal. Because of comprehensive reports and controls this product has been recognized as a win-win solution for owner and bidder, and a perfect alternative to the frenzied reverse bid auction. "Multistage Bidding is patented and there is no substitute," said Mr. Burns. Founded in 2001, CPBid Technologies is the industry leader in web-enabled construction bid automation. CPBid offers a range of TotalBid products dedicated to construction cost management.

For more news release information:

DB Langston, This e-mail address is being protected from spambots. You need JavaScript enabled to view it

ISC / Contributor