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The global Construction Bid Management Software market size was valued at USD 710.31 Million in 2022 and will reach USD 1535.89 Million in 2028, with a CAGR of 13.72% during 2022-2028.
Construction bid management software allows construction organizations to streamline bidding processes through the use of contract creation and organization tools. Construction Bid Management Software can be divided into on-premise, cloud-based, applicable to construction company, general contractors, construction managers, etc.
Market Drivers
Bidding management is a time-consuming process. The general contractor spends several hours pre-qualification of subcontractors, creates an invitation to bid (ITB), and provides each invited bidder with the information, plans and specifications they need to submit accurate bids or proposals. With the bidding management software, the general contractor can quickly determine who they want to invite to bid, create a list of bidders, and share plans and specifications with all invited subcontractors at the same time, which is a huge time saving.
With Construction Bid Management Software, the general contractor can easily share information and appendices with all its bidders. Some Construction Bid Management Software allow the general contractor to track the documents and archives they have visited and viewed, and allow them to contact and review the plans and specifications together with their subcontractors to ensure a better understanding of the project and the expectations of each subcontractor. With Construction Bid Management Software, the general contractor can easily track the number of bids they received for each transaction and which subcontractors responded to their bids.
Most bid management solutions also provide access to a larger network of trade contractors and suppliers. This enables the general contractor to contact the trade contractors they may not be familiar with and invite them to bid for the project. This will not only help to ensure proper bidding coverage of the project, but also help the general contractor to establish relationships and develop networks for future projects. Most Construction Bid Management Software allow general contractors to prequalify trade contractors using customized forms or industry standard consensus pre-construction forms. Then, the general contractor can evaluate the risk factors of each professional contractor according to its safety record, financial status, bonding ability, current workload and past work experience. The advantages of Construction Bid Management Software will promote the rapid growth of Construction Bid Management Software industry demand.
Region Overview:
From 2023-2028, North America is estimated to witness robust growth prospects.
Company Overview:
The top three companies are Procore, ConstructConnect, Inc., Autodesk, with the revenue market share of 11.08%, 8.09%, 7.27% in 2020.
Procore Technologies, Inc. provides cloud-based construction software to clients across the globe. Using its award-winning suite of project management tools, hundreds of thousands of registered Procore users manage all types of construction projects including industrial plants, office buildings, apartment complexes, university facilities, retail centers, and more. Procore helps firms drastically increase project efficiency and accountability by streamlining and mobilizing project communications and documentation.
ConstructConnect is a leading provider of construction information and technology solutions in North America. ConstructConnect is the combination of eight legacy brands (BidClerk, Construction Market Data, Construction Data, iSqFt, PlanSwift, SmartBid, On Center Software, and QuoteSoft).
Segmentation Overview:
Among different product types, Cloud-based segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the General Contractors segment occupied the biggest share from 2018 to 2022.
The Construction Bid Management Software market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Construction Bid Management Software market covered in Chapter 4:
WeBuild
Sage Group
Pantera Global Technology
Autodesk
ConstructConnect, Inc.
PipelineSuite
Bid Planroom
ECI Software Solutions
Procore
Specialty Software Group
In Chapter 12 and Chapter 14.1, on the basis of types, the Construction Bid Management Software market from 2018 to 2028 is primarily split into:
On-premise
Cloud-based
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Construction Bid Management Software market from 2018 to 2028 covers:
Construction Company
General Contractors
Construction Managers
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Construction Bid Management Software market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Construction Bid Management Software market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Construction Bid Management Software industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Construction Bid Management Software industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Construction Bid Management Software market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Construction Bid Management Software market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Construction Bid Management Software market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Construction Bid Management Software market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
2022
Construction bid management software allows construction organizations to streamline bidding processes through the use of contract creation and organization tools. Construction Bid Management Software can be divided into on-premise, cloud-based, applicable to construction company, general contractors, construction managers, etc.
Market Drivers
Bidding management is a time-consuming process. The general contractor spends several hours pre-qualification of subcontractors, creates an invitation to bid (ITB), and provides each invited bidder with the information, plans and specifications they need to submit accurate bids or proposals. With the bidding management software, the general contractor can quickly determine who they want to invite to bid, create a list of bidders, and share plans and specifications with all invited subcontractors at the same time, which is a huge time saving.
With Construction Bid Management Software, the general contractor can easily share information and appendices with all its bidders. Some Construction Bid Management Software allow the general contractor to track the documents and archives they have visited and viewed, and allow them to contact and review the plans and specifications together with their subcontractors to ensure a better understanding of the project and the expectations of each subcontractor. With Construction Bid Management Software, the general contractor can easily track the number of bids they received for each transaction and which subcontractors responded to their bids.
Most bid management solutions also provide access to a larger network of trade contractors and suppliers. This enables the general contractor to contact the trade contractors they may not be familiar with and invite them to bid for the project. This will not only help to ensure proper bidding coverage of the project, but also help the general contractor to establish relationships and develop networks for future projects. Most Construction Bid Management Software allow general contractors to prequalify trade contractors using customized forms or industry standard consensus pre-construction forms. Then, the general contractor can evaluate the risk factors of each professional contractor according to its safety record, financial status, bonding ability, current workload and past work experience. The advantages of Construction Bid Management Software will promote the rapid growth of Construction Bid Management Software industry demand.
Region Overview:
From 2023-2028, North America is estimated to witness robust growth prospects.
Company Overview:
The top three companies are Procore, ConstructConnect, Inc., Autodesk, with the revenue market share of 11.08%, 8.09%, 7.27% in 2020.
Procore Technologies, Inc. provides cloud-based construction software to clients across the globe. Using its award-winning suite of project management tools, hundreds of thousands of registered Procore users manage all types of construction projects including industrial plants, office buildings, apartment complexes, university facilities, retail centers, and more. Procore helps firms drastically increase project efficiency and accountability by streamlining and mobilizing project communications and documentation.
ConstructConnect is a leading provider of construction information and technology solutions in North America. ConstructConnect is the combination of eight legacy brands (BidClerk, Construction Market Data, Construction Data, iSqFt, PlanSwift, SmartBid, On Center Software, and QuoteSoft).
Segmentation Overview:
Among different product types, Cloud-based segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the General Contractors segment occupied the biggest share from 2018 to 2022.
The Construction Bid Management Software market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Construction Bid Management Software market covered in Chapter 4:
WeBuild
Sage Group
Pantera Global Technology
Autodesk
ConstructConnect, Inc.
PipelineSuite
Bid Planroom
ECI Software Solutions
Procore
Specialty Software Group
In Chapter 12 and Chapter 14.1, on the basis of types, the Construction Bid Management Software market from 2018 to 2028 is primarily split into:
On-premise
Cloud-based
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Construction Bid Management Software market from 2018 to 2028 covers:
Construction Company
General Contractors
Construction Managers
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Construction Bid Management Software market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Construction Bid Management Software market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Construction Bid Management Software industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Construction Bid Management Software industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Construction Bid Management Software market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Construction Bid Management Software market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Construction Bid Management Software market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Construction Bid Management Software market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
