
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.