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Bid Management

Revised October 24, 2008

Description

Allows the user to manage bid invitations, as well as received bids, with online and off-line trade partners.  

• Bid Invitations
• Bids

Notes

• Manual bids are created by adding a bid, then editing that bid.  Manual bids can be created for online and off-line trade partners.
• Draw structures are stored at the Data Library. Percentages for these draws can be modified at the plan level.
• There are two types of bids:
  • Turnkey Bids. Turnkey bids are used for any lump sum activity associated to a specific plan in a specific project (e.g. drywall, plumbing, electrical).
  • Unit-of-Measure Bids.
  • Will request the trade partners to provide the cost information for each of the activities at the unit-of-measure level (i.e. square feet, cubic yards, each, etc).  
  • Can be bid across multiple projects.
  • Are plan independent.   
  • Create an individual contract in each associated project.
  • Will maintain a continuous bid history that is used to create contracts with trade partners at either a company and/or project level.

Flowchart

The following flowchart demonstrates the tasks and decision points for the bid management process.