Bidding for vendors

Bidding is a procurement method by which you can select the vendor for purchasing the required goods or completing subcontracted work within the estimated budget and time.

The bidding process
The bidding process is used to select a vendor for subcontracting a project or for purchasing products and services that are required for a project. Bid records contain the specifications of the project or details of the products and services that are purchased.
Creating bids
The bid document describes the specifications and estimated costs of the project. The bid document also contains a list of potential vendors.
Clarifying bids
If you need clarification during the bidding process, you can create a bid clarification record and send it to the relevant vendor.

Parent topic: Managing project procurement