Electronic Construction Bid Submission Platform Gets Industry Approval
Cross Functional Group of Construction Industry and Technology Stakeholders Approve Working Set of Platform Recommendations for Secure Exchange of Construction Financial Data
SIOUX FALLS, SD (November 06, 2018) – RFQGuides in partnership with the BidForms Organization leading a consortium of Independent Contractors, Construction Buyers, Consultants and Engineers approve a working set of standards for development of secure electronic platforms that transfer confidential construction design and financial data.
Based on cross integration of industry standards, procedures, regulations and technology, recommendations address requirements of the entire construction project ecosystem centered on the construction project and buyers. Platform APIs support a variety of supply chain service providers from consultants, designers and engineers to trade and specialty contractors to equipment manufacturers and material suppliers.
These recommendation paves the way for developers like RFQGuides to start building SaaS solutions that will serve the future technology demands of the construction industry. In addition, APIs developed in partnership with BidForms will be accessible to the public.
Addressing a group of technical advisors, Sasha Christopolous said, “the biggest challenges will be addressing the various demands of size (SMEs), diversity and independence of contractors throughout the construction industry”. It’s not a one size fits all in a market with more than thirty special interest groups in each of the construction trades before they’re divided into specialties.
RFQGuides participated in developing the framework as a member of the steering committee. Development of advanced standards based Electronic Construction Bid Submission platforms started well in advance of approved recommendations. RFQ was also chosen to assemble Contractor Advisory Teams that develop a working set of rules for Contractor APIs before they’ll be escalated through committee as recommendations.
Contractor APIs allow Project Estimators (PEs) to collect project data from the construction project supply chain infrastructure. As construction buyers, designers and consultants enter project data, contractors’with approved digital credentials have automated access to the data they need to configure the contractor’s price models.
PETools use contractor cost settings combining an analysis of project metrics to automatically provide estimators with various pricing and profit models. The contractors technology layer of qualified SaaS platforms have front end and backend connections to complete the construction project supply chain infrastructure.
About RFQGuides
RFQ is the leading developer of standards based technology solutions centrally accessible to the construction project supply chain integrating SaaS and PaaS API support for industry trades while offering project centered applications for construction buyer stakeholders that validates, secures and assures the confidential exchange of financial data across the entire construction project ecosystem. Products include use-case APIs for individual projects, stored and managed data, concept to completion APIs and subscription APIs with enhanced functionality for construction professionals, [independent] contractors and material / equipment suppliers. All APIs are designed to operate independently and/or exchange data with various components of the construction project supply chain when enabled via approved authentication credentials.
About BidForms Organization
BidForms Organization (BFO) is a construction industry body that recommends and advocates cross-industry integration of standards for the secure paperless exchange of construction project design and financial data. BFO maintains the databases for Digital Contractor Qualification Statements, Blockchain Standards and Centralized Validation. BFO develops and provides open source APIs for construction software developers and construction service providers that offer solutions to establish and connect to a construction project supply chain.
For more information contact,
Jamie Cryolin
(312) 555-1212
jc_press@rfqguides.com
