PURPOSE OF BID DEPOSITORY

The Bid Depository is a system for the reception of sealed bids from Trade Contractors to enable those receiving the bids to obtain firm quotations in writing and adequate time to compile their tenders completely and accurately. This fair and equitable process is in the best interests of Owners, Tender Calling Authorities and General and Trade Contractors.

Flowing from this stated purpose is the requirement that General Contractors enter into contract with selected Bidders whose bids have been properly deposited and which will be used for sub-contract purposes. Following the submission of General Contractor tenders, substitution or replacement of such selected Bidders is subject to specific approval of the Tender Calling Authority and/or Owner, based upon valid reason or circumstances which were not reasonable evident or assessable prior to the close of General Contractor tenders.

BCCA has introduced the Electronic Bidding System (EBS) for Bid Depository projects. The BCCA Electronic Bidding System is one component of the on-line bidding tools that were developed by BCCA along with Infinite Source Systems. What has been built is a seamless system that has the capability to eventually include everyone in the bidding chain from material suppliers bidding to subsubcontractors through to the general contractors bidding to owners. These on-line bidding tools have the capability to revolutionize bidding in the industry. The EBS, an on-line internet based bidding system, will replace the current BCCA Bid Depository system. To access the EBS Rules of Procedure and Project Information, click here.