Buyers earn their money by developing specifications, and evaluating suppliers and bids.
Soliciting bids is the time consuming part of the procurement process, and it can be expensive. BIDS is an electronic publisher that distributes tenders and tender information to subscribers on behalf of public and corporate buyers. BIDS is a privately owned company with its head office in Fredericton, New Brunswick, Canada. The corporate name is Tendering Publications Limited. BIDS was founded in the 1970's as a twice weekly magazine listing all tenders issued by the Province of New Brunswick.