Damac Properties, a leading luxury developer based in Dubai, UAE said it has entered into a three-year e-tendering agreement with professional e-tendering platform ProTenders.com.

ProTenders was specifically chosen in order to streamline Damac Properties’ tendering activities, allowing it to manage multiple tenders in real-time using its unique cloud-based technology, said the company in a statement.

Karim Helal, the chief executive and founder of ProTenders, said: "We are delighted at the opportunity to work with a leading developer such as Damac Properties and providing them with the platform, knowledge and support they need to complete such a big undertaking."

The e-tendering platform has a repository able to handle any scope, from a single project to a whole city, and has been built from the ground up for the construction industry, enabling developers, consultants and contractors to easily work together in a secure and user-friendly environment, he stated.

It centralises all activities, documents, bids and communications in a single source, which is available 24/7 online and accessible from anywhere by simply logging in.

Commenting on the deal, Mohammed Tahaineh, senior vice-president (commercial) at Damac Properties, said: "With over 2,000 companies on our supplier list, ProTenders' dynamic company and tender reports enable us to quickly compare bids and make the right choice by easily identifying variations and drilling down into specific categories."

"The platform allows faster decision-making as we are able to manage tenders in real-time, resulting in reduced tender cycle times," stated Tahaineh.

After an extensive testing phase, Damac said its platform is now live, and has already successfully progressed/processed more than 100 tenders during its soft launch period

According to Helal, its award-winning platform has so far proven to be a huge success with other developers in the region.

"It has been used to manage over $20 billion worth of bids across more than 1,000 tenders ranging from building renovations to $300 million infrastructure projects," he revealed.

"The fact that we take care of the on-boarding, training and support for all parties involved makes this a seamless transition for our clients, their partners and suppliers. We've also been seeing a massive growth over the last few months as we have introduced our project intelligence and company profiles modules, with hundreds of suppliers, contractors and consultants signing up every month to expand their businesses and mitigate the risks of the market," he added.-TradeArabia News Service