How BidNet Direct Powers Construction Solicitations
Procurement professionals know that managing large construction project solicitations is a complex undertaking, requiring the investment of significant time and resources to ensure that goals are met and budgets are respected.
Accordingly, buying organizations managing the solicitation and contracting process need powerful and easy-to-use tools that allow them to effectively organize important data and access that information in a timely way.
BidNet Direct delivers everything buying organizations need to implement efficient and effective solicitation creation and procurement processes
The CARES Act & other Funding
In the spring of 2020, US lawmakers passed the Coronavirus Aid, Relief and Economic Security Act (CARES), a $2-trillion package of stimulus measures intended to support business during the COVID-19 pandemic.
The CARES Act directly supports the construction sector in several ways by directing funds to small businesses, funding unemployment benefits and creating tax credits and programs to help construction businesses keep employees on the payroll.
In addition, many construction projects have been deemed essential during the pandemic. For example, the CARES Act provides more than $27 billion in funding for the Department of Labor for the Public Health and Social Services Emergency Fund. These funds could be used to fund several construction-related services, including advanced manufacturing facilities, private medical goods production facilities and more. The Act states any spending to help mitigate COVID can be used for reimbursement of CARES funds which many local and state governments are utilizing for remodels to meet social distancing requirements, construction of response testing centers, buildings, infrastructure construction related to providing relief or assistance with combating COVID and more. Below are just a few ways that BidNet Direct can help your local government agency manage construction projects during the ongoing pandemic and beyond:
File organization
In addition, with optional electronic bid submission, vendors are prompted to submit responses based on your specified document structure.
Line item grouping
It’s easy to organize and manage line items with BidNet Direct. To add line items, simply grab the desired items from the project engineer and upload and our easy-to-use interface automatically tabulates line items by group. For cost allowance tracking, BidNet Direct allows buyers to automatically sets up a line item as 10 percent, saving your team time and vendors questions.
Plan holders list
Easily make a solicitation’s plan holders list public for easy viewing, ensuring that all information is available to the construction supplier community. This limits the calls to your department requesting the plan holders list.
Bid bonds
BidNet Direct supports the creation of electronic bid bonds to allow construction suppliers to demonstrate to buyers they have access to funding to handle a project.
BidNet Direct: the leader in E-procurement
Beyond the tools described above, BidNet Direct provides a comprehensive suite of e-procurement solutions to handle every step of purchasing, from request for proposal to contract completion. Find out more about our cloud-based modular solutions here.
Find out how BidNet Direct can help your government organization today! 
