Bidder Insurance Transparency 
Procureware
DECEMBER 29, 2017
My favorite new features for 2017 include: • API • Approval workflows • Certifications • Connected bid events • Invite unregistered bidders • My Dashboard • PDF reports • Ranked reverse auction • Supplier view of contracts API Long before ProcureWare was developed, we envisioned an application that would easily connect to other business systems.
The Procurement School
DECEMBER 17, 2024
The contract drafter needs to be clear on what is being procured and hence the penalties and insurance requirements need to align with the deliverables. A good example is insurance requirements which can cause procurement contracts to fail. It is best to work with your insurance person to review the limits.
The Procurement School
OCTOBER 6, 2023
Step 3 Posting Once the procurement document is developed and approved it is posted online for bidders to respond. In instances, such as a limited number of potential bidders, a complex procurement or a new or innovative concept a procurement may be posted longer to attract more bidders.
The Procurement School
OCTOBER 22, 2024
These reactions can lead to strict risk management and purchasing policies with overly complicated bid documents and onerous requirements that are imposing on potential SME bidders. Specify Criteria and Reduce Complexity Higher insurance, bonding limits, and generic criteria in bid documents may exclude potentially qualified companies.
The Procurement School
APRIL 22, 2024
The implied outcome is that we are seeking to insure value for taxpayer dollars. In the above example success is measured by the bidder meeting the technical specifications, including on time delivery at or below the approved procurement value. The estimated value also determines how long the document is posted for bidders to respond.
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