SolutionsCompetitive Bidding
Hospitality procurement

Master the quoting process.
Win more projects.

Quickly and cost-effectively solicit quotes, compare vendor bids side-by-side, and let Sigma feed the winning prices directly into your budget and purchase orders. Eliminate busywork and focus on analysis.

Best price found
18% below avg · Vendor B
Flows to budget & POs
Zero re-entry required
1 platform
Instead of countless spreadsheets
0
Manual data duplication
More time
For strategic procurement
How it works

From RFQ to vendor selection, all in one workflow

Eliminate manual follow-ups and spreadsheet tracking with smarter quote comparison.

1

Generate your RFQ

Sigma builds a complete, detailed request for quote directly from your project specs, with no reformatting or copy-pasting required. Each RFQ also asks vendors for a lead time on every item, which Sigma uses to build your Lead Time Report.

2

Collect vendor quotes

Send RFQs to your selected vendors in one click and track every response from a single dashboard. No more chasing emails or re-entering prices into a spreadsheet.

3

Analyze, select & win

Compare bids side-by-side, flag the best deals and confirm your vendor selections. Winning prices flow directly into your budget and purchase orders.

Main benefits

Eliminate busywork. Focus on finding the best deal.

The Competitive Bidding module is built to free your company from data re-entry and vendor chasing so you can focus on analysis and making smart procurement decisions.

Streamline vendor communications

Manage all vendor outreach, follow-ups, and responses from a single place. Eliminate scattered emails and keep every quote tracked, timestamped, and tied to the correct project.

Evaluate quotes side-by-side

The built-in bid analysis tool makes it effortless to compare vendor pricing across every line item. Spot the best deals at a glance and select the right vendor with confidence.

Selections flow into budget & POs

Confirm a vendor and watch those prices automatically populate your project budget and purchase orders. No transcription, no delays, no errors. Start the next project sooner.

145,000+
RFQs sent through Sigma to date
Bid analysis tool

Compare every quote with confidence.

The bid analysis tool gives you everything needed to make the right call, fast.

  • Side-by-side vendor pricing for every line item in your project
  • Best price automatically highlighted, with no manual scanning required
  • Partial responses handled gracefully, so pending quotes never block your workflow
  • Vendor selections confirmed in one click and fed into your POs instantly
Inside the tool

Every quote, every line item, side by side.

The bid analysis grid shows every vendor’s response line by line against your budget. Sole-sourced items surface automatically, variances roll up per vendor, and awarding a quote flows directly into your purchase orders. The bid analysis also tracks no bid, RFQ numbers, overdue and expired quotes, and dozens of other procurement insights.

Does your company need a better way to collect quotes and bids?

Watch the overview or get in touch to get the product details and learn how to generate competitive bids in a snap. See exactly how much time and money you can reclaim on every project.