A more streamlined way for the UK Construction industry to manage the procurement process is to be launched by RICS.
RICS eTendering service - available at www.ricsetendering.com - will reduce the costs for both the buyer and the supplier as well as improve the overall way business is conducted.
RICS spokesperson Andrew Thompson said:
"eTendering will revolutionise the laborious manual tendering process, as it's secure and cost effective.
"This product will help to reduce existing paper-based procedures – you won’t need to print out documents, package them or deliver them by post.
"It's a method of exchange of documents and information that will drag tendering practices into the 21st Century and is intrinsically more efficient than current methods."
The service is offered on a pay-per-tender basis to buyers at £500 to register each tender, and there are no subscription fees.
Contractors and suppliers can use the system for free.
The service is applicable to:
- competitive tenders
- negotiated tenders
- framework contracts.
Rob Smith, associate director of architecture and design at CBRE says:
"eTendering helps with getting tenders out promptly.
"Management of uploading documents is easier and it reduces the paper mountain."
The service will be launched on 18 October at RICS headquarters in London.
