Bidding is submitting a proposal or bid to complete a specific project.
It includes project scope, requirements, deadlines, and evaluation criteria.
Contractors use this information to prepare and submit their bids, competing for the opportunity to be awarded the contract.
To submit a proposal for any tender, a contracting company needs to estimate the required cost to deliver this work.
After the cost is estimated, the contracting company usually adds its markups for evaluated services to issue a quotation with prices.
Graphs are required.
FirstBit Contracting ERP supports this process by the following simple steps:
1.1.1.Lead → 1.1.2 Project → 1.1.3.Project Estimates → 1.1.4.Quotation → 1.1.5.Revision
See also: