Trend Report: Increased Adoption Of Multistage Bidding

For Release 8 a.m. EST February 15, 2011 CPBid Technologies Announces the latest trend in Multistage Bidding Adoption TotalBid’s Multistage Bidding Product has Shown Increased rate of Adoption to Reduce Construction Costs

Palm Beach Gardens – January 10, 2011 – Today CPBid Technologies announced a 38% increased rate in adoption of the TotalBid’s Multistage Bidding product, showcasing how companies have easily deployed Multistage Bidding with the latest updates. Unprecedented customer savings of over 22 million dollars in the last 12 months was also cited as a contributor to the amazing rate of adoption.

“Our multistage bidding product is experiencing unprecedented success,” said Blake Burns, President & CEO at CPBid Technologies. “With an average time savings of 75% during the bid and an average financial savings of over 5% per construction project and over 10% for commodities procurement, a record number of clients are turning to this product to create measurable savings on all of their construction projects.”