Intelligent Fin.tech Issue 26 | Page 39

INDUSTRY OUTLOOK

THE TOP FIVE CHALLENGES OF TENDER MANAGEMENT IN SUBCONTRACTOR PROCUREMENT

For main contractors , having access to effective tender management is vital to securing subcontractor packages swiftly and with considerable ease , being that it enables them to oversee all the work and documentation related to the subcontractors they use . Robbie Blackhurst , Founder and Director of Compliance Chain , tells us more . n recent times , eTendering portals have become
I the default method for submitting tenders across the built environment industry , being designed to streamline the process while removing the commitment of time and effort that contractors would otherwise have to make . Despite this , there are various ways in which many modern tender management processes fall short and , as such , create significant challenges for suppliers and buyers alike .
Here are five of the most common .
1 . Usability issues
While aiming to make tender management a more streamlined process , many eTendering portals can end up creating issues for main contractors because they fail to provide the tools needed to closely monitor a supplier ’ s progress within a bid . This can force a buyer to spend a significant amount of time chasing updates from suppliers throughout the tender period .
Small-to-medium sized enterprises ( SMEs ) in particular are affected by the issue of poor usability , given that they have fewer resources at their disposal to spend on the extra administrative work created as a result . However , that is not to say that larger organisations cannot also be adversely impacted , especially if their teams and resources are already stretched thin .
2 . Lack of feedback
Additionally , many eTendering portals don ’ t give buyers the ability to leave feedback to suppliers at the end of a project or make the process of doing so overly complicated . This presents a significant challenge for suppliers , who place great www . intelligentfin . tech
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