Bid Express

Processing Bid Bonds With The Bid Express® Service and SurePath

In an effort to reduce costs and increase the overall efficiency of the bid submission process, state DOTs are increasingly requiring contractors to submit bids electronically over the Internet. Info Tech, makers of the Bid Express® service and Insure Vision Technologies (IVT), developers of SurePath are working together to automate the processing of bid bonds electronically.

What Is The Bid Express® Service?

The Bid Express® service is an online information service for bidding on transportation construction projects. The Bid Express® service integrates with Expedite™, an application for bid preparation from the American Association of State Highway and Transportation Officials (AASHTO). The Bid Express® service is an Internet-based online service that allows a State Transportation Agency and its contracting community to communicate with each other in a highly secure environment.

How Does SurePath and The Bid Express® Service Work Together?

SurePath and the Bid Express® service work behind the scenes to exchange information about the bid bond generated by SurePath. The diagram below illustrates how SurePath Network users submit electronic bid bonds.

Underwriter

Agent

Contractor

Obligee

Step 2: Agent generates bid bond and Bond Validation Number

Step 1: Contractor requests bid bond.

Step 4: The Bid Express® service validates bid bond

Step 3: Contractor submits bid using Bond Validation Number.

Underwriter grants agent electronic Power of Attorney

Step 5: Obligee views bid bond and validates Power of Attorney

The SurePath Network With The Bid Express® Service Integration

SurePath