BENEFITS OF THE NEW MEXICO BID DEPOSITORY

+General Contractors

  • Provides a list of subcontractors bidding.
  • Provides subcontractors best prices earlier, giving more time to compile your own bid.
  • Eliminates last minute rush.
  • Provides uniform scope and bid form for Electrical and Mechanical bids. The unvaried form allows the recipient to find necessary information quickly.
  • Provides recap of sub bids.
  • A standardized bid provides space for the subcontractor to provide license and classification information, as well as Bonding agent and bond rate information.
  • The subcontractor’s New Mexico Department of Labor Contractor Registration number is provided.
  • Provides an apples-to-apples comparison of Electrical and Mechanical sub-bids, without having to sift through individual inclusions, and exclusions on bid day.

+Subcontractors

  • Provides a uniformed scope form.
  • Up-to-date bidder’s lists, along with contact information are provided to all participants.
  • Suppliers are encouraged to provide their best price early.
  • Recap of bids allows the participants to compare their estimate with their competition

+BOTH GENERALS AND SUBS

  • Supplies authentic bid tabulations, showing all competitive prices of bids through the Depository.
  • Project scope is viewed by more than just one set of eyes before the bid, ensuring a comprehensive bid.
  • Saves time - Saves effort - Saves worry - Saves money (you figure the job only once).
  • Reinforces the integrity of the bid process to ensure major trades are bidding on an identical scope to avoid costly change orders in the future

+ARCHITECTS, ENGINEERS, OWNERS, AND OTHERS

  • Provides opportunity for input and clarification on scope from details
  • Provides architects and engineers with complete tabulations of bid
  • Reinforces the integrity of the bid process to ensure major trades are bidding on an identical scope to avoid costly change orders in the future.