The Role of Transparency in Repair Bidding

Why is being clear and honest with vendors so essential?

We'll explore how transparency builds trust, ensures high-quality proposals, and fosters long-term vendor relationships. 

In this video, I break down the difference between Requests for Proposals (RFPs) and Scopes of Work (SOWs) and show how combining them can make your job easier.   

By leveraging RFPs and SOWs together, you’ll find the right vendor for the job—easier, faster, and cheaper! 

Why is the property repair bidding process so broken?

In this series, we highlight the biggest challenges property managers and investors face, including inconsistent bid comparisons, poor vendor communication, lack of standardization, and complex approval processes.

These issues waste time, increase costs, and delay critical repairs. 

We utilize both Direct Vendor Bids/Quotes, Third-Party Estimating Services & Cost Estimation Software, and post Vendor bids on our website - redacted to increase transparency and encourage competition, offering clients a wider range of options for their projects—not necessarily leading to lower bids but ensuring better-informed decisions.

Proposabid removes the inefficiencies of traditional bid management

The traditional workflow shows the entire bidding process managed by staff (in-house), which can be resource-intensive. 

Meanwhile, the Proposabid approach sources multiple apples-to-apples bids from vetted contractors, saving clients an average of 29-64% on each project.