Construction Information Technology Blog

Electronic Bidding for Construction Projects

The adoption of internet technologies to create efficiencies for the construction industry continues to grow. The latest innovation being made available to the industry is the ability to create tenders and submit bids online. The idea of online transactions is not a new concept with everything from online banking to purchases of major items such as vehicles all being transacted safely and securely. The challenge that makes the management of bidding for construction work online so difficult is the many complicated pricing options such as separate, alternate, unit, combined and other pricing options. Add to that the need to handle items such as cash allowances, bid bonds, required time to perform the work and schedules such as lists of Subcontractors and other details. Over the years these challenges have been handled by creating what are often complex and detailed tender packages that need to be completed and submitted in hard copy by a specified closing time. 

Infinite Source has recently introduced a comprehensive electronic tendering system for construction projects that is already being used successfully to streamline the bidding process for our clients. When combined with our ability to manage all the tendering documents and related communication, a powerful system is created that ensures a seamless process from the initial Invitation to Bid through to the reception and analysis of those bids. We recently completed work on a project with the BC Construction Association that employs our PlanSource bidding technology to deliver their new Electronic Bidding System and are very pleased that the first projects are scheduled to close within the next month or so. You can read more about the BCCA Electronic Bidding System here.