“RFQ,” “RFP,” and “RFI.” They’re often overused and misinterpreted, just like any other Three Letter Acronym in business. Today, we’ll describe these linked, yet unique business tools. Efficient communication, exchange of knowledge, and structured information are essential to building successful projects and ensuring employee productivity. Enormous projects fail due to poor communication and lack of […]
Construction Procurement Software is a hot topic in the construction industry, but what makes it the talk of the town? Why are people emphasizing the usage of procurement software to such an extent? Let’s find out in this post why construction procurement management software is necessary for your company and how it will help. People enter the construction industry with […]
Have you ever partnered with a supplier/vendor only to realize that you made the wrong choice? For example, suppose you found a supplier who offered a good price and timely delivery. Everything was looking rosy until you realized the products’ quality didn’t meet your standards. No matter the business, suppliers/vendors play a crucial role in […]
With ever-changing business models, business operating practices are also evolving. Large organizations utilize complex bid management system or tender management processes to search for potentially good companies that can take charge of providing them the best services or products at the most competitive costs. Usually, bidding or tendering is a manual, process-driven activity that involves […]
