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Procore

Select a Bidder to Award a Contract to in Portfolio Financials

 Note
The information in this tutorial applies to accounts with the Portfolio Financials product in Procore. Reach out to your Procore point of contact for more information. 

Objective

To select a bidder to award a contract to in Portfolio Financials.

Background

After you have leveled your bids and decided on a winning bidder, you can select a bidder in the Bid Room to award a contract to. This will convert your Bid Room into a Contract Room. The Contract Room is a shared portal for you and your vendors to communicate and submit invoices and change orders.

Things to Consider

  • Required User Permissions:
    • 'Limited' access to the project or higher.
      Note: Users with 'Limited' access must be on the Bid Room Team for the project. 
  • Additional Information:

Video

 

Steps

  1. Navigate to the relevant Bid Room
  2. Click the Manage Bids tab.
  3. Click Select this Bidder on the card of the vendor you want to award the bid to. 
    select-this-bidder.png
    Note: If your organization has an approval workflow setup for awarding bids, the workflow will begin at this point. You will not be able to award the bid until it has gone through the approval process. See Approval Workflows.

See Also