How everyone wins with Sealed Bids

In March of 2006, a technology called Hawkeye was introduced into professional tennis to determine whether or not the ball lands in or out of bounds. In 2008, instant replay was introduced into the MLB to bring more accuracy to play calling. In 2018, VAR debuted at the Fifa World Cup, a video assistant referee that corrects missed calls. Nowadays, almost every professional sport has implemented technology to add an additional layer of accountability and accuracy to play calling. As a result, spectators have a better experience and the field is leveled. A level playing field creates a competitive environment that fans enjoy because teams are pushed to their peak performance, offering an exciting and “well-worth it” experience. If sports can implement technology that improves play calling then why can’t the business world? Similar to sports, there is a lot on the line during business transactions that warrant a fair and accountable process for all parties involved (property owners, managers, and vendors). Within the process of bidding for work, there are very few layers of accountability in place, which creates an uneven playing field for those trying to win new contracts. With price information not secured properly it can sway the outcome of the bid entirely, which usually doesn’t end well for the paying customer. SimplySeal’s technology is focused on eliminating these inaccuracies and improve the process of procuring, bidding, and awarding work, specifically for any type of project, contract, or service within the HOA Marketplace. Here are 3 Ways that SimplySeal creates a win-win-win for decision-makers, bid facilitators, and bid participants: Step 1: Scope Q&A We bring bid participants, decision-makers, and bid facilitators to a single place where EVERYONE is aligned with a customer's expectations. Bid participants can anonymously engage with the customer and bid facilitator to clarify details of the scope. All parties can see the questions and answers which helps reduce back-and-forth emails between multiple bid participants with similar questions. This helps create an apples-to-apples bidding environment and aims to reduce change orders after a bid is awarded. Upon completion, the Scope Q&A can be attached as an addendum to the contract as an extra layer of accountability for the paying customer and a stronger bid for a participant. Step 2: Submit bids to a secure and sealed platform Our system digitally seals bids until all bids are submitted or a deadline expires. This ensures that all bid participants have a fair shot at winning work knowing pricing information is secure from bidder to bidder. Digitally sealed bidding is designed to protect a bid participant’s information during the bidding process. Step 3: Review and Award bids When all bids have been submitted or a deadline expires the system automatically unseals the submitted bids. We make it easy for decision makers to engage and review bids side-by-side while providing them with the peace of mind that their expectations are going to be met. When ready, award the bid with the click of a button and all participants will be automatically updated whether they win or lose. SimplySeal is the Hawkeye, VAR, and Instant Replay for the bid process… SimplySeal saves time, puts the customers’ interests first, and creates a competitive environment for everyone. A simple solution that provides its participants with utmost confidence while bringing accountability and accuracy to all aspects of the process of bidding for work. SimplySeal provides a win-win-win solution for HOAs, Management, and Vendors by improving the overall quality of projects and contracts. Our intention is to simplify the bidding process, increase trust and certainty in hiring the right company the first time. For more information, go to SimplySeal.com

As a management company, facilitating a fair bidding process is critical for building trust with both service providers and HOA boards. A transparent and impartial process can help ensure that the HOA gets the best value for its money while also establishing a reputation for fairness and integrity. Here are 5 tips for facilitating a fair bidding process: 1 - Develop clear bid specifications Work with an industry expert to create a well-defined scope of work and develop clear and concise bid specifications for your project. These specifications should outline important details related to the project, such as the timeline, budget, and specific requirements for the job. 2 - Invite vendors to bid The industry standard is to invite a minimum of 3 bidders to participate in the bidding process. Use an online tool to find licensed and verified vendors who are willing to participate in a streamlined and ethical bidding process. 3 - Communicate with bidders Once you have invited bidders to participate in the bid process, all parties should engage in a scope question and answer. A scope question and answer is where all bidders are anonymously able to ask clarifying questions about the scope of work and everyone can see the questions and answers. This is an important step in facilitating a fair bidding process as it allows expectations to be clearly defined upfront, eliminating downstream change orders. 4 - Digitally seal bids Digitally sealing bids until all bids are submitted or a deadline expires is crucial to ensure fairness and avoid potential bias in the bid selection process. By sealing bids, bidders can feel confident that their information will not be shared or used to advantage other bidders who may come in lower in order to win the work. 5 - Award the bid Once all bids have been received and evaluated, select the winning bidder and notify all bidders of the decision. If possible, provide feedback to unsuccessful bidders to help them improve their bids in the future. By following these tips, you can facilitate a fair bidding process that saves you the headaches and time, while building trust with both service providers and HOA boards. Remember, a transparent and impartial process can lead to better pricing, higher quality work, and a reputation for the highest level of ethics in bidding. SimplySeal provides a win-win-win solution for HOAs, Management, and Vendors by improving the overall quality of projects and contracts. Our intention is to simplify the bidding process, increase trust and certainty in hiring the right company the first time. For more information, go to SimplySeal.com