A new online platform, TenderSpace, designed for property and construction professionals, has been launched with the idea to give contractors the power to target the work they want, before the competition.
Unlike its competitors, which inform users about new jobs once the procurement process has started and when key decisions have possibly already been made, TenderSpace focuses on opportunities that are still ‘live’ and possibly still at the feasibility stage. This gives contractors the chance to develop business-generating relationships with people requiring their expertise earlier in the procurement process. TenderSpace also allows public and private sector procurement managers to invite contractors to join a project and tender for the work.
TenderSpace features a set of tools to help users manage projects and interact across the construction supply chain. These include:
- A suite of free tools in the ToolBox, including the ability to source products from over 11,000 manufacturers
- The ability to find job opportunities at the earliest possible stage
- The facility to send expressions of interest to potential clients and employers
- A detailed, free and intuitive Profile Builder to reduce time spent on the PAS91 Pre-Qualification Questionnaire
For contractors hoping to bid for smaller public sector projects (under £100,000), the Profile Builder allows you to show the public sector procurer your skills and expertise via a single link from TenderSpace, giving you an online web profile. All public sector jobs are listed and are free to view.
Another aspect of TenderSpace is the ability to check the credit risk rating of potential project partners, main contractors and supply companies. Furthermore, TenderSpace will notify you if there is any change to a credit rating, helping subscribers to protect their businesses.
David Stapleton, founder and CEO of TenderSpace, said: “Earlier this year the Euler Hermes Quarterly Overdue Payments Report found that late payments in the construction industry rose by a staggering 27% during 2015.
“Late payment is such a big problem for contractors and that’s why we have added the optional ability to check credit risk in this way. We want to help combat late or non-payment issues for TenderSpace users.”
Many of the tools on TenderSpace can be used for free once registered, with low cost subscriber upgrades available for multiple users and to access the ‘Work Finder’ facility.
For more details on TenderSpace, visit: www.thetenderspace.com.