Computer system and method for facilitating and managing the project bid and requisition process

Abstract

A comprehensive, web-enabled computer system and method is provided for facilitating and managing all aspects of project work, while synchronizing communications, data and transaction processing across multiple user platforms. To implement the computer system and method, a bid item list is utilized to create configurable and scalable customized bid templates premised on the specific type of project work required. Bid requests are generated from the customized bid templates for solicitation of vendor bid responses to the selected bid items provided by the bid template. One or more bid items within the vendor bid responses can be selected for vendor grading purposes, and comparison of the vendor bid responses can be conducted using the graded bid item responses. In addition, project tracking parameters can be entered into the computer system for tracking the performance of the project.

Description

[0001] 1. Technical Field of the Invention[0002] The present invention relates to a computer system and method for electronically facilitating the project bid and requisition process, and specifically to electronically managing all aspects of the project bid and requisition process.[0003] 2. Description of Related Art[0004] Corporations, businesses and other types of enterprises regularly utilize third party providers (vendors) to handle various business functions, such as providing a good or service. Typically, these outsourced business functions are performed under a "project," "staff supplementation" or "consulting" (hereinafter collectively referred to as "project work") agreement between the buyer and the vendor. The various tasks involved in project work, such as vendor engagement, project administration, resource management and project accounting, can be extremely complex, entailing the convergence of numerous buyer organizational departments, such as purchasing, finance, ope...

AI Technical Summary

Benefits of technology

[0007] In further embodiments, utilizing a bid template for generation of buyer bid requests and associated vendor bid responses enables efficient and effective analysis and comparison of vendor bid responses. One or more bid items within the vendor bid responses can be selected for vendor grading purposes, and comparison of the vendor bid responses can be conducted using the graded bid item responses.

Problems solved by technology

The various tasks involved in project work, such as vendor engagement, project administration, resource management and project accounting, can be extremely complex, entailing the convergence of numerous buyer organizational departments, such as purchasing, finance, operations, legal, human resources, security and the project management organization.

However, there does not exist a single system for managing all aspects of project work.

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