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Why Online Bidding is the Future of Construction

For a long time, the construction industry relied on manual methods of tracking that have led to wasted time, lost revenue, and human error. A survey released by TrackVia found that out of 500 US executives and managers in construction and engineering, nearly half still use manual collection processes to capture critical data on job sites. But there is a better way to streamline your preconstruction, enhance collaboration, and generate more profits with ease.

What is Online Bidding in Construction?

Online bidding, defined by OpenAsset is a virtual marketplace “where construction projects, whether public or private, are posted so that contractors and subcontractors can submit bids to execute those projects.”

Do you remember how frustrating the last time you managed a bid manually was? The back-and-forth emails… the uncertainty of whether your bid was competitive enough? Not very fun. With Hubexo’s virtual marketplace, we make it easy to post and bid on public projects because time is money.

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