Imagine investing just minutes for an entire bid solicitation, from document distribution and vendor communication to bid tabulation and award while gaining better bid pricing.
The PennBid™ Program makes this a reality.
Every so often technology radically changes the way we work. What hasn’t changed in decades is how most public agencies and private firms manage bids and solicitations — until now.
The PennBid Program dramatically lowers the overall cost of bids and contracts by removing waste, streamlining communications, attracting large, qualified vendor pools and receiving aggressive prices through the use of technology. Provided at absolutely no cost to public agencies and private firms, PennBid has opened doors for many to take advantage of electronic procurement tools generally not available due to high cost and system complexity.
Every Request-for-Proposal (RFP) and Request-for-Quotation (RFQ), from individual product purchases and maintenance contracts to professional services and large multi-prime engineering projects, can quickly and efficiently be managed through PennBid's open architecture.
Each public agency and private firm maintains full independence and control of all aspects for each solicitation, from vendor qualifications to award decisions through a secure pass-code protected sealed bid platform. Confidentiality of each solicitation, along with detailed record logs are retained to provide transparency and auditibility that is demanded for public solicitations.
With over 200,000 clients and vendors and over $10B in transactions, PennBid’s technology engine is a proven and recognized leader in e-procurement. This experience is a testimonial for the system’s robustness and ease of use.
Public agencies, private firms, and vendors can all enjoy the many time and cost savings benefits of the PennBid Program without initial or recurring costs or subscription fees. A capped fee ranging from 1/8% to a maximum of 1/4% is assessed only to vendors who are issued awards. See Vendor Agreement for complete details. That’s it, no strings attached.