IBM TRIRIGA Version 10.5.3

Bidding for a vendor

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

  • 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 to be 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: Initiating the purchasing process
Related tasks:
Awarding contracts from bids
Sending bids and requests to vendors

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