Bid Management System (BMS) conducts business development activities to equip the enterprise with new contracts to sustain long term business. BMS is an important module to secure business for construction enterprises. Unlike other industries construction largely depends on bagging project contracts through competitive bidding. Contracts involve pledging huge financials in terms of Bank Guarantees with clients and risk association with contracts could ruin enterprises. At the same time if no business is secured under the competitive bidding, the enterprises may not sustain to bear running expenses. Therefore this module assumes top level importance to secure sustainable and calculated business opportunities. BMS manages all processes from NIT to Letter of Award (LOA). This module could be more or less equivalent to a CRM module for other industries.
AEC BID Management System