CMiC's Construction Bidding & Procurement Management software is a comprehensive solution designed to help construction firms manage the complexities of subcontractor evaluation, bidding, and procurement. By leveraging a single database platform, it enables companies to assess risks, invite bids, and accurately compare proposals, ultimately reducing upfront risks and bringing transparency to the vendor procurement process.

Key Features

Subcontractor Pre-qualification Management Automates the pre-qualification process for subcontractors

• Submitting and reviewing forms
• Approving or rejecting submissions
• Tracking lien waivers, releases, and insurance certificates

Invitation to Bid Streamlines the process of inviting potential vendors to bid on projects

• Automated email invitations to bidders
• Project setup with minimal information (project code and contacts)
• Automatic updates based on bidder's response status

Bid Comparison and Leveling Facilitates easy organization and comparison of bid information

• Side-by-side view of multiple proposals
• Centralized bid leveling for identifying discrepancies
• Objective vendor procurement decision-making

Benefits

Risk Reduction Minimizes potential risks associated with subcontractor selection

• Pre-qualification of subcontractors before project commencement
• Storage of ratings and past work performance
• Ensuring subcontractors meet company standards

Increased Efficiency Streamlines the entire bidding and procurement process

• Automated pre-qualification and invitation processes
• Centralized information management
• Time-saving bid comparison tools