One of the first steps in a construction project is the estimating phase. This phase is typically centered around a number of budgets which culminate in a tendering process. The tendering process invites multiple bidders to provide pricing for the project or a component of it. The tendering process is complex and requires coordination of multiple companies – during this phase it’s important to keep track of communication. So how can you do this and what is the best method?
The best way to keep track of bidders during a tendering phase is to use a tender tracking spreadsheet. This records all of the information about each bidder, when they were sent documents and their current status. By recording this information you can understand the coverage of each of your pricing packages at a quick glance.
This tender tracking sheet is a large document that includes the following information:
- Bidder name
- Bidder contact information
- Tender package number and description
- Addendum issued
- Closing status
This document is a spreadsheet so it should be used with Microsoft Excel or Google Sheets.
Organize your tendering process with this construction tender tracking spreadsheet template today.