SmartBid Announces Comprehensive Solution for Evaluating Subcontractor Risk
As competition heats up the construction software space, technology solutions provider, JBKnowledge, continues to develop products to provide new capabilities to help contractors streamline their preconstruction activities.
“Since we first developed SmartBid in 2006, we’ve developed many custom solutions for large TPAs and insurance brokers around the world. We quickly realized we wanted to specialize in the construction and insurance tech space. There is so much opportunity for technology to improve both industries, and we were excited to bring them together with this integration,” stated JBKnowledge, makers of SmartBid, CEO James Benham.
Thousands of general contractors utilize the SmartBid software to organize subcontractor data, send invitations to bid, share project documents and ultimately find the most qualified subcontractors for every project. An important component of selecting a subcontractor is assessing the risk associated in working with them.
“It allows us to concentrate our efforts on sticks, bricks, and strategy. Having an impartial entity with deep experience in risk assessment provide analysis of our potential subcontractors allows us to focus on bid comparison and bid coverage. The ease of obtaining these reports and ensuring our team can easily access the results make this a no-brainer as an additional risk mitigation solution for any general contractor,” noted SmartBid customer, Seth Cheever, Preconstruction Manager at Stiles Construction.
To help their general contractor users integrate risk management into the preconstruction process, SmartBid has developed this groundbreaking integration giving users the ability to order Dun & Bradstreet credit reports, Marsh’s SubSecure financial credit ratings, and BM&B COVReports from within the SmartBid construction bid software.
The risk and credit reports are available at a discount to SmartBid users and can be ordered with as quick as a three-day turnaround. SmartBid users can select from a variety of reports that offer industry benchmarking, financial statement analysis, detailed expert risk analysis, and much more.
To learn more about SmartBid and their latest integration with leading risk and credit reports, visit smartbid.co to schedule a customized demo.
