Information Brochure, Franchise
BIDS Business Model
BIDS derives its revenue through subscriber fees. The service
to buyers is generally provided at no cost. All of the information
processing and distribution is done by the head office computer
system. Local franchisees establish relationships with buyers,
sell subscriptions, and act as distribution points for some
The BIDS system allows franchisees to enter subscribers' information
directly into the database. Once in the system, the subscriber
automatically receives the desired tenders and related information,
as they become available.
BIDS is able to adapt to the needs of specific buyers. Buyers
may specify that tenders be sent to individual vendors, regardless
of their status as BIDS subscribers. Franchisees provide the
vehicle to offer customized, local service, while taking advantage
of the economies of scale of a central database.
Benefits of the BIDS Business Model:
market likes the "pro-active" tender distribution
has an established base of buyers, providing a rich database
of daily tendering opportunities.
has an established base of vendors, providing an active
bidding environment for buyers.
offers solutions that are tailored to the needs of the individual
has myriad opportunities for sector specialization. Those
already in the system include: provincial governments, municipalities,
petrochemical industry, educational institutions and hospitals.