DAMAC Properties and ProTenders enter into an e-tendering agreement
DAMAC Properties is taking its project tendering online with professional e-tendering platform ProTenders.com, in a three-year agreement. ProTenders was specifically chosen in order to streamline DAMAC Properties’ tendering activities, allowing them to manage multiple tenders in real-time using its unique cloud-based technology.
Mr Karim Helal, CEO and Founder of ProTenders commented “We are delighted to have 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.”
Commenting on the agreement, Mohammed Tahaineh, Senior Vice President - Commercial, at DAMAC Properties commented: “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.”
The 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. 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.
Mr. Helal added “Our award winning platform has so far proven to be a huge success with other developers in the region, as it has been used to manage over $20 billion worth of bids across more than 1000 tenders ranging from building renovations to $300M infrastructure projects. 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've introduced our Project Intelligence & Company Profiles modules, with hundreds of Suppliers, Contractors & Consultants signing up ever month to expand their businesses and mitigate the risks of the market.”
After an extensive testing phase, the DAMAC Properties platform is now live, and has already successfully progressed/processed over 100 tenders during its soft launch period.
DAMAC Properties, part of DAMAC Holdings was established in 2002, as a private residential, leisure and commercial developer in Dubai and the Middle East. Since then, DAMAC Properties has expanded rapidly into North Africa, Jordan, Lebanon, Qatar and Saudi Arabia. The company has a diverse range of expertise that allows them to have a good oversight and management of all aspects of a project right from the acquisition of land, appointment of architects and designers, construction and sales to after sales service.
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