Up to 30% of bids don’t even lead to a signed contract. That means weeks of outreach, follow-up, and documentation, all for nothing. - Honest Buildings.
On average, it takes 15–20 Business days (sometimes 4-6 weeks) just to receive initial bids. Meanwhile, the repair still hasn’t begun. - Gordian.
Lack of formal training leaves employees navigating a complex bid process without clear guidelines - opening the door to mistakes, or worse, fraud. - Buildium.
Around 25–30% of bids and estimates are incomplete or vague. That means back-and-forth communication, confusion, and more delays. - Facilities Net.
Teams spend 2–5 hours every week just trying to source, let alone, analyze bids. That’s time taken away from resident needs and strategic planning. - IREM
Vendors are frustrated - 68% say they don’t receive feedback after submitting bids. That disconnect leads to burnout, ghosting, and loss of trust. - Vendorful.
Vendor turnover is high, and only about 30% of those invited to bid actually respond. That means you're left scrambling for options—or settling. - Aberdeen Group.
Property Olwners and managers still rely on manual spreadsheets and emails to track progress. This creates version control issues, lost data, and inconsistent communication.
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