16 Feb How RhinoDox Bid Response Management Software Works: Frequently Asked Questions
Q. What is RhinoDox?
RhinoDox is a bid response management platform designed for subcontractors who bid with volume and care about the accuracy of their proposals. The cloud-based software platform provides a standard, automated process for estimators to generate proposals with greater consistency, and do it faster. With built-in predictive data, you get real-time business intelligence that you and your team need to make informed bidding decisions and win more profitable projects.
Q. Is RhinoDox like BuildingConnected?
All of our clients use Building Connected in some capacity. Here are the main differences:
|Designed for GCs||Built for Subcontractors|
|Invite to Bid||Internal Bid Response|
|Send Proposals to GCs||Create & Track Proposals|
|Win/Loss Rates||W/L by Category and Margin Performance|
Q. What types of construction companies do you work with?
Our client base is made up of forward-thinking subcontractors who have 3+ estimators. We have focused on Drywall and Interior Finish contractors but can support Masonry and MEP contractors as well.
Q. What can RhinoDox do for our company (benefits)?
We often find companies using Excel to track bids, Word templates for proposals, and a separate bid calendar. RhinoDox brings all three into one platform to provide one source of the truth for bidding activity.
Q. Why would we change my current process?
RhinoDox provides efficiency for estimators, visibility into the bidding pipeline, and the ability to use real-time information for informed bidding decisions that mitigate risk and increase win rates.
Q. How long does it take to implement and do you provide training?
Implementations range anywhere from 2-4 weeks and we train all members of your team. This training never ends and we have resources to assist at a moment’s notice.
Q. What type of information do you need to get started?
There are 4 main areas of configuration:
- GC List with Contacts
- Architect List
- List of Inclusions and Exclusions
- Sample Proposals
Q. What type of data does RhinoDox collect?
- Project timelines for backlog and bid log
- Win Loss by Project Category, Estimator, GC, and Project Size
- Margin Performance or Fade
Q. What kind the benefits can I expect from the data RhinoDox produces?
Our process collects data from every project you bid on, win or lose, in a consistent and comprehensive manner. By doing this, you and your team, will be able to put your finger on the pulse of your bidding and sales process to quickly understand what’s working, and what’s not. Overtime, you will be able to…
- Reduce your project execution risk
- Increase you margin certainty
- Optimize your pricing
Q. How long have you been in business