Select a Tenderer 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 tenderer to award a contract to in Portfolio Financials.
Background
After you have levelled your tender and decided on a winning tenderer, you can select a tenderer in the Tender Room to award a contract to. This will convert your Tender 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.
- 'Limited' access to the project or higher.
- Additional Information:
- If you need to unaward a tender or contract after a tenderer has been selected, see How can I unaward a tender or contract in Portfolio Financials?
Video
Steps
- Navigate to the relevant Bid Room.
- Click the Manage Bids tab.
- Click Select this Bidder on the card of the vendor you want to award the bid to.
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.