The professional industry generates projects they want to execute but can’t do it directly, leading them to need a third party that implements the project for them but at a cost; since there can be several characters that want to apply as the third party. It can be hectic to ensure fair, just, and honest selection. For this reason, you will need tender management software.
10+ Best Tender Management Software
1. EAMbrace Procurement Management
2. Kanix
3. RFPIO
4. Pricebid
5. TenderEyes
6. Aconex Workflow
7. Star Web Maker
8. Procore
9. BuilderTREND
10. CoConstruct
11. Contractor Foreman
What is Tender Management Software?
Tender management software is a technological tool with multiple advanced features and functionalities, allowing you to execute and process bidding accurately and efficiently. As we all know, manual processes are not enough to reach your goals as it is fragile, prone to errors, and time-consuming. With tender management software on hand, you can have big data analytics, cloud file storage, cloud features, accurate data analytics, etc., assisting you in every stage of your tender processes. That said, you can ensure in choosing the best bidder in the most appropriate evaluation.
Benefits
Tender management software delivers multiple advanced features and functionalities to your company. This advanced tool helps you save more time and prevent work errors that might cause unfortunate events. Tender management software enables great control over multiple documents, ensures risk management and visibility, simplifies stakeholder management, stays organized, streamlines bid processes, etc.
Features
Several platforms are available in the market. Multiple tender management software offers similar and unique features and functionalities that help your management and not. As we all know, not all application provides the best quality and performance. As a result, it is crucial to research the software’s capabilities to choose the best software for your company. On top of that, the software is expensive, one more reason you need to assess them. You can read user reviews presenting the software’s pros and cons to gather more details. Below are features you might need:
- Campaign Management
- Calendar Management
- Calendar/Reminder System
- Channel Management
- Client Portal
- Collaboration Tools
- Lead Management
Top 10 Tender Management Software
1. Aconex Workflow
Aconex Workflow from Oracle includes bid management, change order management, incident reporting, job management, and more logical features. Oracle has annual revenue of $41 billion and 132,000 employees.
2. Procore
Procore includes incident management, contract/license management, vendor management, job costing, supplier management, and more advanced features. Procore Technologies has annual revenue of $573 million and 2862 employees.
3. BuilderTREND
BuilderTREND includes a client portal, calendar management, job scheduling, lead management, customer database, task management, and more valuable features. BuilderTREND has annual revenue of $113.4 million and 638 employees.
4. RFPIO
RFPIO includes content management, task management, third-party integrations, workflow management, rule-based workflow, and more innovative features. RFPIO has annual revenue of $60 million and 326 employees.
5. CoConstruct
CoConstruct includes financial management, scheduling, project management, project tracking, expense tracking, customer relationship management (CRM), and more contributive features. Coconstruct has annual revenue of $19.6 million and 135 employees.
6. Star Web Maker
Star Web Maker includes package distribution, contract award, commercial bid quote, requirements lifecycle, package distribution, and more logical features. Star Web Maker has annual revenue of $7 million and 38 employees.
7. Kanix
Kanix includes technical bid requirements, subcontractor invitations, security deposits required, compare subcontractor bids, commercial bid quotes, and more valuable features. Kanix Infotech has annual revenue of $6 million and 31 employees.
8. EAMbrace Procurement Management
EAMbrace Procurement Management from Gaurik Solutions includes asset accounting, inventory management, IT asset management, preventive maintenance, and more advanced features. Gaurik Solutions has annual revenue of more than $5 million and more than 25 employees.
9. TenderEyes
TenderEyes from Tradax Group includes an audit trail, contact management, document management, pipeline management, RFP management, and more contributive features. Tradax Group has annual revenue of more than $5 million and more than 25 employees.
10. Pricebid
Pricebid includes share project documents, team-based workflow, EMD amount deposited, technical bid requirement, commercial bid quote, and more helpful features. It also offers a bid repository, bid analysis, bid pricing & consolidation.
FAQs
Why are suppliers important?
Suppliers play a critical role in the business industry; suppliers aid in providing ingredients and raw materials for manufacturers to produce finished products. As we all know, the market has increasing demands and expectations, leading companies to rely on suppliers to deliver the best quality ingredients to improve their products and ensure customer satisfaction.
Why is tender needed?
Multiple organizations might want to do a project that demands expertise from other organizations. Organizations such as public bodies require to execute bidding processes to select the best project executer that is qualified for the job and meets their standards. Bidding processes allow organizations to choose the best group with a tender process.
What is bidding?
Bidding is the auction of a specific proposal. It allows the sellers to present the product and its detail showing to prospective buyers, leading them to speak their price and terms. Auction has been used since the olden days to gather interested buyers and select the best bidder with remarkable bids.
During the tender processes, you tend to receive massive documents and other information you need to evaluate and come to a decision which is problematic, especially with manual processes. With tender management software, you can execute a tender process and reach your goals effectively and efficiently as this software guarantees error-free, quality assurance, precise details and reasonable prices.
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