Bidhive, a bid management platform for suppliers to manage the tender response process, today announced it will incorporate AI-powered knowledge search and generative AI across the platform to help business development professionals and subject matter experts create proposal and bid responses faster.
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Connect your sales, bid and estimating team – all in one place. Bid management is a process that...
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Collaborate on your bids and proposals with others in real time – no more emailing files...
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As the true cost of construction and hard/soft infrastructure delivery is not known until the completion of a project, contractor selection and the risk of selecting a winning bidder that has underestimated the cost of the contract is a major concern in procurement. This can lead to the winner’s curse, a term that refers to the difference between the lowest and second lowest bid, and the consequences of the bid price being too low to cover the costs including a reasonable return. In this blog we discuss ways to reduce price risk in bidding.
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Any seasoned bid writer knows that storyboarding is critical to planning a strong proposal. That’s...
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