For a long time, the construction industry relied on manual methods of tracking that have led to wasted time, lost revenue, and human error. A survey released by TrackVia found that out of 500 US executives and managers in construction and engineering, nearly half still use manual collection processes to capture critical data on job sites. But there is a better way to streamline your preconstruction, enhance collaboration, and generate more profits with ease.
What is online bidding in construction?
Online bidding, defined by OpenAsset is a virtual marketplace “where construction projects, whether public or private, are posted so that contractors and subcontractors can submit bids to execute those projects.”
Do you remember how frustrating the last time you managed a bid manually was? The back-and-forth emails… the uncertainty of whether your bid was competitive enough? Not very fun. With Hubexo’s virtual marketplace, we make it easy to post and bid on public projects because time is money. Streamline your bidding process today!
How do online bidding platforms work?
Online bidding platforms offer a centralized space for construction projects to be managed. They streamline all aspects of the preconstruction phase, delivering benefits for contractors and solicitors. With Hubexo’s construction bidding platform, you can:
- Find suppliers: Connect with 260k suppliers and secure the best talent at the right price.
- Advertise opportunities: Invite public, private, or pre-qualified suppliers to your RFx within the portal.
- Log audit trails: All actions are tracked with automatic audit trails and timestamps.
- Evaluate with ease: Standardise responses, set criteria, pre-qualify, and compare submissions.
- Maintain probity: Compliant, transparent, and equipped with live reporting for full oversight.
Save precious time and reclaim your schedule by automating your workflow and cutting down administrative tasks today. Time is money!
Why should you be using an online bidding platform?
Not only is the world undergoing a technological transformation, the construction industry is as well. According to Deloitte’s 2021 engineering and construction industry outlook, 76 percent of engineering and construction executives indicated that they were planning to invest in digital technology that year.
Artificial Intelligence, Building Information Modeling, and 3D printing are some of the construction technologies you will see in the future. Online bidding isn’t just about adopting new software… it’s about rethinking your preconstruction strategy for the time we are in to maximize your revenue and minimize wasted time.
Are you ready to experience the future of construction bidding?
Don’t let outdated construction bidding processes hold you back from revenue goals. Online bidding is the easiest way to get your construction business into the future because it solves common costly challenges like: reducing human error, minimizing wasted time, and increasing profitability. Let’s hit your revenue goals with ease!
Related:
Bid Boards: The Backbone of Smarter Bidding for Contractors
How to Manage Construction Project Delays
How to Increase Subcontractor Engagement with One Simple Tool
