Create a Bid Room in Portfolio Financials

Objective

To create a Bid Room in Portfolio Financials. 

Background

The Bid Room in Portfolio Financials is a shared portal between the owner and bidders. Before you can send and manage bids, you must create and set up the Bid Room.

Things to Consider

• Required User Permissions:
  • 'Limited' access to the project or higher.
    Note: Users with 'Limited' access can only create a Bid Room from a cost item they created. 
• Additional Information:
  • If your organization has the 'Sealed Bidding' feature enabled by Procore for Portfolio Financials, you can choose to have a sealed bid room for any of your bids. See How do I run a sealed bid process in Portfolio Financials?

Prerequisites

• A cost item must be created in the Cost Tracker on the Project Page. See Add a Cost Item to the Cost Tracker in Portfolio Financials.

Video

Steps

1. Scroll to the Cost Tracker section of the Project Page. 
2. Click the arrow  icon next to a cost item.
3. Click Bid Out. 
   Note: If your organization has the 'Sealed Bidding' feature  enabled by Procore, you can choose whether you want this to be a sealed bid process. See How do I run a sealed bid process in Portfolio Financials?
4. Setting up a Bid Room is a multi-step process. See the relevant tutorials below for the next steps.

Next Steps

1. Complete Trade Setup Details for a Bid Room in Portfolio Financials
2. Create a Bid Form in Portfolio Financials
3. Invite Bidders to a Bid Room in Portfolio Financials

See Also

• Bid Room