Bid invitee
A person or company invited to submit an offer.
Bid invitees are the contractors or suppliers invited to participate in the bidding process. Managing the invitee list ensures a competitive bidding environment and helps in selecting the most qualified candidates for the project.
Used in a sentence
The bid invitee list includes all the contractors invited to submit proposals for the project.
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Bid Triangulation: How Owners, GCs, and SCs Each Benefit
Bids do not live on costs alone: While costs matter, they don’t tell the whole story. A systemized three-bid approach that expands the field of candidates reveals the gaps hiding in baseline quotes and the capabilities of bidding contractors. For construction’s key players, three-bid triangulation tailors operational and cost-saving advantages to their needs. Owners maximize […]
Ounce of Prevention: Avoiding the Top 5 Mistakes of Preconstruction
In construction, the attention lavished on preconstruction pays off in a project completed on time, on budget, and of the highest quality. Preconstruction mistakes, on the other hand, can balloon into time-consuming rework, costly errors, and quality slip-ups. This article explores how the five most common mistakes of preconstruction happen, their consequences, and the solutions […]
Preconstruction Software Explained: What It Is and Why It Matters
Although the preconstruction phase is often overshadowed by the excitement of groundbreaking and building, the early planning stages of a project serve as the foundation for successful completion. During this initial phase, ideas and drawings are formed into firm plans for the new project, including ideas of how to manage risks and pull off a […]
How Digital Tools Enhance the Construction Bidding Lifecycle
Construciton bidding is not a one-and-done job: It’s a lifecycle, circulating information among owners and all levels of contractors and suppliers. Today’s bidding software helps create an orderly, standardized bidding lifecycle that eliminates confusion, streamlines bid comparisons and tracks documentation for universal, transparent reference throughout the project. This article explores the orchestration of the bidding […]
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