e-Bidding Module

Automate end-to-end bidding — from vendor invitations to notifications and reminders — with the Invitation for Bids Module.

What the module does

  • Take control of your bid management process with our built-in, AI-powered procurement module.
  • Efficiently manage and evaluate vendor bid submissions with streamlined workflows, centralized tracking, and seamless integration — enabling faster, better-informed purchasing decisions.
  • Digitize RFI, RFQ, and RFP management through the Invitation for Bid Module, improving compliance and supplier selection.
  • Use an all-in-one online bid management solution for itemized bidding.
  • Prepare bids, invite vendors, and evaluate and award each line item separately, all within the same project.
  • Create and publish RFPs within minutes.
  • Track the progress of open and closed bids, and assign users to follow up with suppliers.

Standardizing Supplier Offers

Standardize supplier offers to simplify comparison, selection, purchasing, and site execution.

  • Give suppliers a dedicated online portal for fast, reliable submission of tender (RFQ/RFP) offers, receipt of purchase orders, and submission of execution-related documents — all through simple, streamlined communication.
  • For vendors who prefer not to use the Vendor Portal, PEquip lets users enter technical and financial offers on their behalf, extracting data from the vendor's standard offer documents and entering it into PEquip's standardized IFB response format — including images, component data, and supporting documents.
  • This allows vendor offers to be compared, evaluated, and selected on equal footing.
  • Using AI, PEquip can automatically extract information from standard vendor offers (Word, PDF, Excel) and organize the data into a table, ready to be normalized and migrated into the “IFB Response on Behalf of the Vendors” module — saving up to 70% of the time required for manual entry.
  • PEquip can also export Excel-based forms for bidders to complete and return by email, which can then be imported automatically into the system.