New Construction Bid Solution Streamline Relationships

Apr 21, 2005 by Dani Stoehr

Press Release – Seattle, WA – April 21, 2005 – eBid Systems today announced the Spring ’05 release of eBid eXchange, highlighting two new Editions of the service designed specifically for the construction industry. This expands the Company’s presence serving the utilities, transportation, manufacturing, and public sectors.

eBid eXchange is an online procurement software system providing powerful capabilities for subcontractor database management and the sourcing of goods and services. With eBid eXchange, small- and medium-sized businesses can now afford powerful and configurable procurement tools in a private and secure environment.

The Bid Solicitation Edition provides an online, searchable subcontractor database, bid solicitation by e-mail and fax, and bid response tracking. Additionally, the Bid Solicitation Edition offers a private subcontractor portal for each client to
post information about their projects and commonly used forms that can be downloaded. At $995 per year (up to 5 users) the Bid Solicitation Edition appeals to contractors
looking to move up from limited, desktop faxing systems.

The Bid Room Edition is a full-feature, private online plan room that provides capabilities for posting plans and specifications, online document viewing and takeoff, Request for Information (RFI) management, online bid response, and self-service subcontractor registration. Contractors using the Bid Room Edition achieve even greater savings with a comprehensive, electronic communications platform. The Bid Room Edition is available at $39 per user per month. Annual contract pricing is also available.

Martin Hogger, of Seattle general contractor MRJ Constructors, remarked, eBid eXchange “will be useful for sending bid requests/addendums, avoiding the time consuming efforts of entering new subs/suppliers and updating, and having subs/suppliers download our forms and project documents.”

Keith Jones, eBid President and Founder, explained, “Our new Editions of eBid eXchange serve the 99% of contractors who know they could work more efficiently and cost-effectively over manual methods of communication. Those in the construction industry definitely appreciate the value of good tools. Our customers clearly benefit from having greater control of documents and turnaround time than with more expensive solutions.”

eBid Systems also announced a new customer startup program. The Onboard Program “gives our customers driver training and the car keys, all in one simple and guided process”, commented Jones. Onboard provides for an assessment of each customer’s unique needs, pre-configuration of the system by our expert staff, and a live phone/online walkthrough and demonstration. For a limited time, the Company is waiving the cost
of Onboard for current customers of competitors BidFax, iSqFt, and Invitation To Bid.

About eBid Systems – eBid Systems provides an integrated suite of contract sourcing
and management solutions to industry and public agencies. eBid eXchange and eBid
Enterprise are designed for organizations that want to spend less time on procurement
paperwork and more time on procurement strategy. These proven systems dramatically
simplify the process of pre-qualifying vendors, sourcing goods and services, managing
vendor contracts, and monitoring supplier diversity. Clients benefit from shortened
procurement cycles, increased vendor competition, reduced bid solicitation costs,
and centralized vendor and contract data.

The company will also be exhibiting at the following upcoming conferences:

Association for the Advancement of Cost Engineering (AACE)
June 26-29, 2005
New Orleans, LA

American Society of Professional Estimators (ASPE)
July 13-17, 2005
Key Biscayne, FL