Success of the bidding process depends on many factors. Key among them are developing accurate bid estimates, soliciting bids from vendors, and performing the necessary analysis for awarding. From advertising a bid to vendor participation and evaluation to final award, the process is data intensive and engaging. Estimators, bid managers, procurement specialists, and contract managers know how daunting it is to manually handle each aspect from estimation to bidding and contracting.
The Aurigo Masterworks Estimation and Bidding module takes the hassle out of the entire pre-award contract phase. The module provides context and data to help agency engineers assess the nature and magnitude of work, and to prepare multiple versions of estimates. The engineers will have instant access to historic bids so that details from previous submissions can be used to create accurate estimates. The more historical bid data you store, the more intelligent your future estimations become!
The agencies can invite contractors to bid for a project through advertisements. The contractors can use the Bidding module to submit bids and related insurance and certificates securely over the web. When the bids are received, the agency can evaluate contractor bids in less time, and identify and tabulate lowest prices and highest scores.