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These contracts are competitively bid and offer access to a broad range of goods and services at negotiated rates, making them ideal for organizations of all sizes. ” – VendorManager | ONE AMERICAN BANK Use Data and Analytics to Make Informed Decisions Modern procurement relies heavily on data.
COVID-19 had closed their vendor liaison office and vendors were no longer able to drop off physical bids in person, nor could they conduct bid opening per their established process. In two weeks, the LADWP was able to stand-up a solicitations solution with a bid drop-box and a vendor self-service portal.
Vendor-paid eProcurement typically offsets the costs of an online procurement platform for the buying organization. Opportunities in a bidding portal are hidden behind a paywall and vendors are required to pay a fee to submit their bid. In some cases, they even have to pay to view the opportunity and bid documents.
Two-Way Messaging is a new feature that lets buyers interact with vendors via email and have all the communications logged in ProcureWare. The communications are automatically associated to the individual vendor, their company, and the relevant bid or contract.
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