How Bandhoo’s PLM helps you digitally run your Procurement and Projects
Builder or Developer
Builders have stringent requirements of qualification for picking their contractors or material suppliers. Bandhoo supports builders in configuring their list of pre-qualified contractors and material suppliers. This allows the Builder’s procurement team to run an efficient RFQ process and get lowest possible price quotes for whatever they are trying to buy.
Bandhoo supports multiple types of tendering process:
Buyer can do a real-time tender, like a reverse auction, where bidders are only allowed to reduce their bids in real-time
Buyer can do a multi-round tender such that every time a bidding round ends, the buyer can decide whether he/she wants to start another follow-on round to further reduce price quotes
Buyer can do a confidential bidding round, which means nobody gets to the see the bid values until the bid deadline has elapsed Bandhoo also offers “Procurement As a Service (Paas)” to builders so that they can always have the best possible contractors and suppliers available to them.
Builder can manage the Daily Project Reporting through Bandhoo’s platform. The contractor or subcontractor’s team can use the Bandhoo App to update the daily progress achieved. The builder’s own site team can validate/ approve the reported progress. The same information can be used on monthly basis for raising bills. An integrated Project reporting system of this kind ensure complete transparency from top-to-bottom and across the entire organization as well as its subcontractors.
How Reverse Auction works for Material Procurement?
A Complete Digital Transformation
Activity/ Area
From…
…To
Budgeting and Estimation
Contracting
Procurement
Project Reporting
RA bill processing
Variation Order management
Excel and email based
Excel and email based; Quotes submitted in paper format
Emails and Phone calls based
Excel and email based
Paper based (then punched into ERP)
Excel and email based
Budgeting and Estimation
Contracting
Procurement
Project Reporting
RA bill processing
Variation Order management
Features
Specially built for
Indian Construction
use-cases
Cloud hosted with
browser-based
access
Works for all projects
– Real Estate,
Infrastructure,
Industrials
Automated
workflows with
stringent controls
Covers all stages of a Project
Enables collaboration
with external
Consultants/
Agencies