ConWize, a cloud-based tendering platform that simplifies the bidding and cost estimation processes, partners with Procore
ConWize, a software company that developed an all-in-one bidding and estimating software that simplifies the bidding and cost estimation process in tenders, announced today a partnership with Procore Technologies, Inc., a leading global provider of construction management software.
Bidding and estimating is a core part of a construction company’s processes, and mistakes can lead to lost customers or lower-than-expected profit margins. As part of the technology partnership, ConWize created an integration that unifies the experience between the tender and the execution phase.
The tender cost estimating process is usually divided into the following stages: self-pricing, pricing by specialty contractors, and loading overheads (e.g. indirect costs of project staff fees or insurance guarantees).
Currently, the tender management process is done manually for most companies, using emails, excel sheets or out-of-date software.
The ConWize platform provides the following benefits to general contractors:
- Planning: upload a ‘Build of Quantity’, or create a new one on the platform
- Bidding automation with specialty contractors: invite existing specialty contractors and suppliers, or source new ones through the marketplace feature
- Cost Estimation: access advanced cost estimating and risk management tools
- Manage and calculate indirect costs: build indirect cost templates and use them across similar projects to save time
- Risk management: set KPI’s to detect anomalies and make data-driven decisions
The ConWize platform streamlines construction estimating and bidding, reducing estimation errors by up to 90%, saving up to 50% of time working on a tender, and saving up to 70% of time sending bid invites, tracking status, and comparing contractors’ proposals.
“Our solution enables tender departments to streamline their workflow, improve efficiency, and win more tenders. The solution also creates transparency and understanding of how the project was priced in the tender stage to all other departments, and can seamlessly transmit to the execution phase using a simple API connection “
Dima Haikin, CEO & Co-Founder
How it works
By using the embedded experience, users can easily access the ConWize estimating software platform directly from Procore.
This advanced, yet easy-to-use bidding and estimating tool helps users to shift projects from tender to execution phase, while helping them work faster, more accurately and protecting against crucial mistakes.
“After years of developing, deploying, and managing IT projects in the construction industry, we’re using our know-how to revolutionize construction project estimating to increase profitability. This partnership with Procore will enable users to manage the estimating and shift their projects to execution in a one stop shop” Ran Levi Sody, CRO & Co-Founder of ConWize.
“This partnership with ConWize will allow customers to be in the front end of the industry and help them gain a competitive advantage against their competitors. For contractors and specialty contractors, this software is the future of tendering projects.“ Shauna Leung, partner manager, Procore
ConWize is now available on the Procore App Marketplace.
ConWize is transforming the construction industry’s estimating and bidding projects work processes. With our disruptive SaaS platform, contractors can estimate projects more accurately, answer more tenders, and win more projects.
Procore is a leading global provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore’s platform.
Procore’s platform connects key project stakeholders to solutions Procore has built specifically for the construction industry — for the owner, the general contractor, and the specialty contractor. Procore’s App Marketplace has a multitude of partner solutions that integrate seamlessly with Procore’s platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California,
Procore has offices around the globe. Learn more at Procore.com.