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Client Comment
By having and customizing a vast database of specifications, we have eliminated the needless copying what we most often create. This also offers flexibility to change things once and keep them consistent from one project to another.
A. F.
1/26/2010
 
ROI Calculator for HDP Online Bidding

Use the Return On Investment (ROI) Calculator below to determine how much money you'll save by using HDP Online Bidding. We've already estimated amounts to get you started but feel free to modify them where appropriate.

Need help? Read the What is a Bid Request? FAQ or give us a call at 717 356-2300.

Bid Requests Per Year  
 
Hourly Labor Rate $ Fully burdened rate (include benefits and office overhead)
On a per-Bid-Request basis, enter an estimate for average amount of time (in hours) you spend on the following bid-related activities:
    Current HDP Online Bidding    Hours You Spend Per Bid Request
Labor Hours    Putting together Bid Packets
       Distributing & Collecting Bid Packets
       Recording Received Bids
       Additional Bidding Activities
   
 
Total Labor Hours 3.75  0.25 
   
 
Total Labor Cost $120.00  $8.00   
 
Expense, $    Bid Packet Mailing Cost
   
 
Total Project Cost $140.00  $8.00   
On an Annual Basis:

    Current HDP Online Bidding    
Total Project Cost $1,400.00  $80.00   
HDP Online Bidding Cost N/A  $151.00   
   
 
Total Annual Cost $1,400.00  vs    $231.00   
     
 
Total Annual Savings   $1,169.00   
     
 
Annual ROI   506.1%   
 


Summary
For the 10 Bid Request(s) you complete this year, you will spend $1,400.00 using your current bidding method. However, if you invest $231.00 in HDP Online Bidding, then you will save $1,169.00 every single year which is an annual ROI of 506.1%!

What's next?

  • See screenshots of HDP Online Bidding - what you'll see within HDP and what your contractors will see

Purchase a subscription to HDP Online Bidding

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