5 Construction Bid Management Best Practices

Full Description

Bid management (i.e. distributing, receiving, and analyzing bid packages and proposals for capital projects) is both time consuming and resource intensive. The old paper and mail approach is fraught with the potential for human error. The adoption and implementation of best practices can streamline the process and result in significant and measurable cost savings. Depending on the nature of the project, these savings can add up to measurable benefits both in terms of dollar savings and productivity improvements. An improved bid management process can also guarantee a better outcome.