Dec 18 2009
BuilderMT, the nation’s best-selling, most-award-winning home-builder software, today announced that an early adopter of its new Web-based Bid Management system has realized dramatic savings, with minimum upfront cost and almost no required training.
BuilderMT’s Bid Management, part of BuilderMT’s Workflow Management Suite 4.7, is the only system of its kind in the entire construction industry (commercial or residential sectors). While allowing e-bidding, and electronic document management, users of Bid Management can manage bids three ways: by model/option, by job, and by activity.
An early adopter of the eBidding technology, Vintage Homes, based in Memphis, Tennessee, implemented Bid Management in tandem with BuilderMT’s Trade Portal. Today, Vintage Homes estimates it saves $2,400 per vendor / per bid, a dramatic savings given that they are actively building homes in 11 communities. For example, for a builder like Vintage Homes that shopped bids to 1) a labor trade, 2) a cabinet shop, 3) an HVAC contractor, and 4) a framer, that builder would save $2,400 X 4 or $9,600. Since most builders shop bids repeatedly throughout the year to dozens of vendors, BuilderMT’s Bid Management system holds the promise of driving up profit margins on a national scale for builders willing to make the initial investment to license Bid Management and the required allied software products.
“Though we have great ‘return on investment’ stories for all our software applications,” said BuilderMT’s Tom Gebes, “I have not seen a return this dramatic, or this quick. That said, to realize savings of this magnitude, a builder has to commit to the technology required to improve his operations.”
Bid Management offers the ability to exchange drawings and bid documents, and even payment management. What’s more, with Bid Management, all data generated by the bidding process is automatically integrated across the entire job workflow, from estimating and purchasing to accounting and trade communications, through BuilderMT’s Trade Portal.
Source: http://www.buildermt.com/