FAQ
1. How does the bidding process work on BidManager?
When a project is posted on BidManager,
registered vendors who meet the project’s eligibility requirements can submit their
bids within the designated timeframe. Vendors need to provide details like pricing,
project timelines, and relevant past experiences. Once the submission period ends,
the project owner can review all submitted bids, compare them based on set criteria
such as cost, expertise, and project completion time, among other factors.
The project owner then selects the most suitable vendor for the project.The
process is designed to ensure a fair and transparent selection, fostering
competition among vendors.
2. Can I track the status of my bid?
Yes, BidManager offers real-time tracking for
all submitted bids. After you submit a bid, you can monitor its progress directly
through your dashboard. The dashboard displays whether your bid is still under
review, has been shortlisted, or has been selected. You will also receive
notifications if any updates or changes occur.
If your bid requires
attention or adjustments, you will be notified through the platform. This
transparent system ensures that vendors are always informed about their bid’s status
and can take timely action when necessary.
3. How are bids evaluated on BidManager?
Bids on BidManager are evaluated based on
various criteria that project owners can define when they post a project. Common
evaluation factors include the bid amount, proposed project timeline, the vendor’s
past work experience, and overall reputation or ratings within the platform. In some
cases, project owners may establish specific criteria such as required
certifications, technical capabilities, or regional expertise.
The
evaluation process is designed to ensure fairness and encourage healthy competition
among vendors. It also helps project owners make informed decisions, selecting bids
that align with their needs while maintaining quality standards.
4. What is the fee for using BidManager?
BidManager operates on a transparent
commission-based model, making it easy for vendors to participate without any
upfront costs. Vendors are only charged a small percentage of the winning bid amount
once they are awarded the project.
This percentage can vary depending on the
project’s size and type, but there are no hidden fees or subscription costs for
submitting bids. The platform aims to make the bidding process accessible and fair,
ensuring that vendors only incur costs if they win a project, thereby reducing
financial risk for participants.
5. Is it possible to withdraw or modify a submitted bid?
Yes, BidManager allows you to withdraw or
modify your bid as long as the bid submission deadline has not passed. To make
changes, you can navigate to the bid in question on your dashboard and select the
"Modify" or "Withdraw" option.
.However, once the deadline for bid
submissions has passed, all bids are considered final and cannot be altered or
withdrawn. This ensures fairness to all participants. Vendors are encouraged to
carefully review their bids before submission to avoid the need for changes after
the deadline.
Last updated: 27 Oct, 2024
