Create a Bid Room 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 create a Bid Room in Portfolio Financials.
Background
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.
Things to Consider
- 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.
- 'Limited' access to the project or higher.
- 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?
Prerequisites
- 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.
Video
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Steps
- Scroll to the Cost Tracker section of the Project Page.
- Click the arrow
icon next to a cost item. - 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? - Setting up a Bid Room is a multi-step process. See the relevant tutorials below for the next steps.