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February 24, 2005

Construction Industry Spotlight: Is online bidding ready for prime time?

  • Internet gains in popularity with contractors, but there are as many risks as opportunities.
    • By TERRY STEPHENS
    Special to the Journal

    CONTRACTORS REMAIN CAUTIOUS about using the Internet for bidding, procurement and negotiating, but the Web continues to make inroads because the rate of cost savings is improving, experts recently told members of the Northwest Construction Consumer Council in Seattle.


    ‘If we get close bids we have the option of going to a reverse auction...’

    -- Kristina Erickson,
    Boeing

    A roster of Boeing, Intel and Associated General Contractors representatives offered detailed studies and experiences about using the Internet for a variety of project elements, but voiced a common warning that "if you do it right everyone benefits, if you do it wrong there can be a lot of problems."


     
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