Online bidding is not although very popular but has grown in use in last few years. It has been used by federal and state government agencies and also by private owners. The reliability and authenticity delivering the bids on time are the questions of concern.
The most obvious beneficiaries of the online bidding have been owners which seek reliable information exchanges with owners. Also with reduction in cost of preparing and disturbing bid proposals. It also has the access to the larger group of bidders
you could have 24 hours access to project information. Online bidding is time saver and eases in bid submission.
Some contractors have said that online bidding comes as a relief by making bidding possible from there own offices which saves them from having to pack up teams and office resources to travel to a bidding site. This could be beneficial to the customers so that it could cut off the overhead expenses and the benefit is eventually passed on to the consumer.
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