Electronic bid submission feature allows vendors to respond with quotes easily and on-time.
Electronic Bid Submission
Boxes of old bid responses piled up in the conference room. An entire room dedicated to old bid responses filed away. If this sounds familiar, you are not alone. Public entities and private organizations face the same pain point with bid responses: the answer is to alleviate the paper process. Electronic bid submission saves time, resources and money for purchasing departments and their suppliers by allowing bid proposals to be submitted online. The mdf commerce Strategic Sourcing suite automates the bidding process, electronically transferring potential suppliers’ bids to a secure, centralized online platform. Buyers can decide to receive bids electronically, manually, or a mixture of both. The strategic sourcing portfolio supports electronic bid submissions from suppliers in all goods and services industries as well as detailed construction bids. Our customers and their vendors have become more efficient while eliminating unnecessary costs through electronic bidding.
- Bid Response Time
- Receipt of Compliant Bids
- Secure Bid Responses
Shortened Bid Response Time
Reduce bidding time and operational cost by allowing your suppliers to electronically submit bids. E-bid submission greatly reduces bid turnaround time, giving suppliers ample opportunity to respond before the solicitation closes. From a standard web browser, vendors can register and respond to bid opportunities with no paper or mailing required. Using the mdf commerce bid management system, deadlines and procedures for electronic bid submission are clearly defined for the potential bidder, lowering the risk of missed responses. Our technical support team is available via phone all business days from 8am until 8pm EST, freeing up time for your buying organization if a supplier has a question. All documents and corresponding forms are available for potential suppliers and contractors to download, print from their own office and view online. In addition, the supplier can easily modify or withdraw a bid before the close date.
Compliance of Submitted Bids
As part of the configurable mdf commerce sourcing suite, your electronic bid submission process may also be tied to pre-qualification requirements, ensuring that all potential bid responses meet compliance criteria. The sourcing suite also gives vendors access to all documentation, creating a virtual checklist of what needs to be submitted and clearly identifying the bid closing date. Virtually eliminate supplier errors by using the online bid forms. Our bid checklist and bid item quote list make certain that each bid submitted contains the mandatory documents you require. Your buying team also has the ability to automatically eliminate non-compliant bids, giving bidders the opportunity to make corrections. Through electronic bidding and evaluation, our customers can allocate their time and resources to more strategic procurement initiatives while our solution streamlines the bidding process.
Security Measures for Bid Responses
Electronic bid submission allows suppliers to respond to potential business opportunities quickly, easily and most importantly, securely. mdf commerce strategic sourcing security checks ensure that prospective bidders are registered, authenticated, and given a secure access key before submitting an electronic bid. Our unique access key reduces the risk of fraud and guarantees the material being transferred is authentic and provided by an authorized representative of the bidding company. E-bid submission greatly reduces bid turnaround time, giving suppliers ample opportunity to respond before the solicitation closes. The solution also gives vendors access to all documentation, creating a virtual checklist of what needs to be submitted and clearly identifying the bid closing date. Bids are opened and reviewed by authorized buyers configured to your guidelines. All bid responses are kept securely sealed until the close date has arrived, at which time only those with authorization can open and review submitted bids. The automatic tabulation of bid responses allows your team to easily compare bids and save evaluation time online.
Ensure vendors are pre-qualified according to your specifications using a configurable web form.Read More
Electronic Bidding Submission
Accept bids electronically and securely, saving you time and resources.Read More
Automatically organize, rank and list supplier bids to according to configurable criteria.Read More
Quote & Item Management
Award bids to multiple qualified suppliers and compare quotes on a per-item basis.Read More
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The impact that the Texas Bid System has brought to us both in professionalism and in the number of vendors we are reaching out to is huge.
Randy Barker, Internal Services Manager, City of Hutto