Create a Bid Room in Portfolio Financials

To create a Bid Room in Portfolio Financials.

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.

• 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?

• 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.

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.

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