The property selection matrix within the bid management module enables both vendors and project management teams to efficiently handle complex, multi-property bid requests. By allowing granular property selection and property-specific bid analysis, it streamlines the bidding process and enhances flexibility for all stakeholders.
A video explanation of the feature can be found here
Key vendor benefits:
- Granular property selection: Vendors can now choose specific properties to include in their bid response and denote different costs for each property, if applicable
- Previously, vendors could only submit a total cost estimate that would include all properties specified in the bid request
Key PMO benefits:
- Customizable minimum requirements: Set a minimum number of properties vendors must include in their response, ensuring broader coverage while maintaining flexibility
- Property-specific winner selection: Choose winning bids on a per-property basis, optimizing vendor selection for each location.
- Previously, PMO users could only choose a single vendor for all properties included in the bid requestPartial bid awards: Award contracts for a subset of properties and automatically generate new bid requests for remaining properties, streamlining the process
- Previously, all properties would automatically be included in the winning bid, and any subsequent bid requests would need to be created again
- Improved bid analysis: View bids by property or by vendor, easily compare vendor responses, track bid status for each location, and export for additional data analysis
