Pequip manages the entire procurement cycle in the e-tendering module by addressing every involved work procedure starting from assigning components to packages or requisitions and ending with suppliers submitting online their qualifications, technical and financial offers for specific tenders or Requests for Quotations using the dedicated vendors’ portal.
E-Tendering adapts to how business is conducted in many parts of the world where selection is made after a formal process of tendering and before final construction drawings are developed. Pequip also addresses less formal means where products make and model are pre-selected during the design stage of a project.
The system also accommodates awarding tenders based on primarily price and the provision of proposed approved manufacturers thus deferring the selection of the final products make and models to the Materials Submission stage during the construction period.
Partial List of Benefits:
- Management of vendors, packages, tenders and contracts will be performed much more efficiently by replacing the old paper based system or using Excel sheets with digital versions, automating processes, and keeping all data in one place.
- Submission of proposals using the Online Vendor Portal will save a significant amount of time ensure accuracy. The same data entered on the portal will automatically appear in Pequip to be used by evaluators, project managers and providers; thus avoiding duplication of effort.
- Online correspondences between the Owner / Consultant and each vendor will expedite the response time and document all transactions.