Teamwork works better when everyone has an invite to collaborate. That's why we built Procore Bid Management to allow every stakeholder in the bidding process—from your executives, estimators, and project team to the partners you invite to bid—to collaborate in a single platform. This reduces the time required to manage bids, creates greater visibility into bidder activity, and centralizes all data in one place.

Manual and paper-based bid management is a time-consuming and expensive process. Between creating bid packages, distributing the plans and specifications needed to create accurate bids, and tracking the coverage of every trade—the potential for savings on administrative and overhead fees are enough to justify an investment in software.

According to Software Advice, some of the features to look for in a construction bid management software are: contact management, a custom form builder, a project calendar, a subcontractor portal, and communication template library. Procore's all-in-one platform allows you to do all of this, plus, prequalify potential partners, convert bids to contracts that update your budget, and manage your people, projects, resources, and financials through closeout.

Procore Project Financials is not an accounting solution. But, it does integrate with any accounting solution your back office trusts. By connecting your field and office financials, project and accounting teams have visibility into real-time job costs without needing an intermediary. This eliminates the need for manual double entry and error-prone job cost report spreadsheets. It's these connections that create a dashboard with single source of financial truth for your field and office teams to work off of.

Procore's bid management process is as easy as create, invite, convert. Create your bid in minutes with autopopulated project info, documents, drawings, specs, and more that are pulled in from Procore Project Management. Send invitations to bid out the work with the click of a button and monitor all bid activity from a single dashboard. Once you've selected the best bid for the job, convert it into a subcontract or purchase order with the click of a button and watch your Procore Project Financials Budget tool update immediately.

With Procore, you can manage the entire bid life cycle—from creating bid packages to converting the winning proposal into a subcontract—with a single platform solution. This helps to reduce turnaround times and give you complete visibility over bid activity and project coverage.