Construction projects inherently come with a variety of risks — from financial, to safety to project delivery — all of which come from various sources. As such, introducing multiple subcontractors adds another layer of risk and complexity.
With CMiC’s Construction Bidding & Procurement Management software, firms can streamline the pre-qualification process with our single database platform and minimize risks.
CMiC Bidding & Procurement Management brings together three key elements that help your leadership team:
Assess a company’s risk (i.e. subcontractor evaluation).
Invite companies to bid.
Accurately compare bids.
CMiC’s Construction Bidding & Procurement Management software offers a technological foundation to your contractor pre-qualification process. Through the power of our Single Database PlatformTM, CMiC Bidding & Procurement helps firms reduce risks upfront, while bringing transparency, agility and accuracy to the vendor procurement process.
CMiC Subcontractor Pre-qualification Management helps your firm manage subcontractors from start to finish by integrating all subcontracting activity into your systems.
It is designed to automate the pre-qualification process – from submitting forms to reviewing information to approving or rejecting submissions. You can also manage risk exposure by tracking lien waivers, releases and insurance certificates.
Our subcontractor pre-qualification questionnaire gathers critical contractor or supplier information, with a strong focus on business details, financial stability and safety record.
You can pre-qualify subcontractors before they begin work on a project, and store ratings and past work performance to ensure that they meet your firm’s standards.
Before starting a project, one of the first tasks is issue invitations to bid to a list of potential vendors.
Using our platform, this stage of the project can be executed without the job having to be completely set up – all you need is a project code and your project contacts.
Invitations to Bid can be set up to be emailed out to all bidders automatically, which will then be updated automatically based on the bidder’s bidding status in their response.
Our application allows you to organize all the information for ease of viewing and comparison.
Rather than having to sort through several proposals separately, you can view the responses side-by-side. This method of centralized bid leveling also helps to identify any discrepancies in bids to make an objective vendor procurement decision.
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