Capital Projects / Projects / Procure / Management Console: Procure

Management Console - Procure (Overview)

The Projects / Procure / Management Console: Procure task presents an alternate method to accessing the tasks found on the Navigator for the Projects/Procure process. Use the Management Console's tabs to manage bids for work packages that have the status Approved - Out for Bid.

If you need to update a work package, use the Update Work Packages task on the Procure process. Other than updating work packages, you can use the Management Console Procure tab to perform all other procurement tasks.

Management Console - Procure Tasks

The Management Console - Procure tab includes the following tasks:

• Bids and Contracts: Review the bids for each work package for the selected project.
• Vendor Summary: From this tab, you can review or edit vendor information (Edit Vendors tab), review vendor performance, including the difference between the Amount Contract value and the Actual Cost value, (Vendor Performance tab), and vendor payables history (Vendor Payables History tab). See Reviewing Vendor Information.
• Enter Bids: Enter bids from vendors for work packages that have the status Approved - Out for Bid. See Entering Bids.
• Bid to Design Variance: Compare bids to cost estimates to help decide which bid to accept. See Comparing Bids to Estimates.
• Approve Bids: After you have reviewed the available bids for a work package, you can approve the bid that best meets your requirements. See Approving Bids.
• Record and Publish Contracts: After the employer has approved a vendor bid, the two parties agree on a contract. You can record that the contract has been signed by changing the Bid Status to Contract Signed; you can attach the proposal and contract documents to the bid record. See Record and Publish Contracts.