Vendor management

We've introduced a new property selection matrix to the Bid Management module, designed to simplify complex RFPs spanning multiple properties. Property management teams and vendors now have a clear, organized way to manage bid submissions across various locations, eliminating confusion and improving response accuracy. The matrix format presents all properties in a single view, allowing for efficient bid preparation and evaluation when working with extensive portfolios.

Watch this quick video to learn more.

Key vendor benefits:

• Granular property selection: Vendors can choose specific properties to include in their bid response and denote different costs for each property, if applicable. Previously, vendors could only submit a total cost estimate that would include all properties specified in the bid request

Key PMO benefits:

• Customizable minimum requirements: Specify how many properties vendors must bid on at a minimum, ensuring broader coverage while maintaining flexibility
• Property-specific winner selection: Choose winning bids on a per-property basis, optimizing vendor selection for each location. Previously, PMO users could only choose a single vendor for all properties included in the bid request
• Partial bid awards: Award contracts to partial property sets and automatically create new bids for remaining properties.
• Improved bid analysis: View bids by property or by vendor, easily compare vendor responses, track bid status for each location, and export for additional data analysis