Bidding for capital, construction and tenant improvement projects is a critical step in optimizing project and portfolio returns. And yet, many project managers, property managers and even asset managers learn the process piecemeal or on the fly, without the knowledge of proven best practices or industry standards.
Honest Buildings and Open Box are partnering to provide a comprehensive overview of the bidding process to early-career practitioners who want to learn the best way to drive value and mid-career professionals who want to make their practice even more efficient.
Open Box will also provide insight into how the bidding process can be strengthened by integrating ERP, accounting and other software systems to generate and leverage additional business intelligence data points.
Identifying the right vendors to invite to bid
Creating bid forms for the most accurate apples-to-apples comparisons
Managing bidder interactions like walkthroughs, RFIs and scope updates
Analyzing bids through leveling and uncovering outliers
Package bidding and preserving relevant data for future projects
Accessing additional relevant data from integrated platforms
Leveraging system integration to strengthen the bidding process