Flippers
Get three real bids on the same scope instead of three text messages with different numbers.
Feature — Bidding
Stop comparing bids that were never comparable
Three contractors, three formats, three assumptions about who buys the materials. FoundREI sends every contractor the same scope on the same basis, collects their pricing through a private link, and turns the winning bid into contract amounts on your budget.
Inside the feature
What it is
Bidding in FoundREI is the bridge between the scope you wrote and the money you commit. A request is built from real scopes — the same line items that drive the schedule and the budget — so what the contractor prices is what the project tracks.
When you award, the numbers do not get retyped. They become the contract amount on each scope, the basis for milestone payments, and the baseline any later change order is measured against.
- Per-scope or whole-project requests (lump sum or by trade)
- Contractors submit through a private link — no account
- Labor-only vs. labor-plus-materials declared up front
- Award maps price-for-price onto scopes and the budget
- Re-award blocked once a scope carries obligations
- Printable bid packets and downloadable PDFs
From input to outcome
How it works
A clear workflow that keeps every decision attached to the same deal.
STEP 01
Build the request
Pick the scopes, choose per-scope or whole-project, and set whether materials are in or out.
STEP 02
Send in one step
Select contractors from your database and send. Every recipient gets their own private submission link.
STEP 03
Compare like for like
Submissions land side by side on the same basis, with totals, exclusions, and notes visible.
STEP 04
Award and hand off
Award the winner. Contract amounts flow onto the scopes, and the schedule and budget update with them.
Built for the work
Who it's for
BRRRR investors
Lock a contract amount before the lender's budget is finalized.
Small developers
Bid a job by trade, award selectively, and keep the winning prices attached to the schedule.
Frequently asked questions
Can I bid one trade or the whole job?
Both. A per-scope request asks contractors to price a single scope of work. A whole-project request can be priced as one lump sum or broken out by trade, so a general contractor and three specialists can bid the same job in the shape that suits them.
Do contractors need an account?
No. Each invited contractor receives a private link and submits their bid in the browser. There is nothing to install, no password, and no seat to pay for.
How do you handle materials in a bid?
Every request declares its materials basis — labor only, or labor plus materials. Bids are compared on the same basis, and the awarded amount posts against the budget without double-counting materials you are buying yourself.
What happens when I award a bid?
The award turns into contract amounts on the scopes it covers. A single lump sum is split across the scopes it priced; a by-trade bid maps price for price. Once a scope has taken on obligations, FoundREI blocks a silent re-award.
Can I see who has and has not responded?
Yes. The bidding board is organized by state — awaiting response, submitted, awarded, withdrawn — and send failures are surfaced with a reason rather than failing quietly.
Can I print a bid packet?
Yes. Every request and every submitted bid can be printed or downloaded as a PDF for your file or the lender's.
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