eBidboard Used by Over 250 Major Government Agencies Posting Construction Projects; Company Adds...

SAN DIEGO -- Construction Bidboard, Inc., developer of eBidboard(TM), the leading Internet service for contract solicitation and proposal development in the construction industry, today announced a milestone by reaching a dominant position in the public works marketplace. By radically streamlining

The Los Angeles Unified School District (LAUSD) is the latest in a notable roster of public agencies that have embraced eBidboard. The addition of LAUSD adds to a tally of $14.4 billion in project postings since the company's launch in August 2002.

The Los Angeles Unified School District is currently engaged in the largest building program in their history. Over the next eight years they will complete construction of 243 new construction projects to accommodate explosive growth in their student population. The road map, the 2004 New Facilities Strategic Execution Plan, will accommodate over 150,000 students on a 2-semester basis. New schools and site expansions will require the acquisition of over 450 acres of land, 98 percent is already acquired. The total estimated cost of the New Construction program is approximately nine billion dollars.

"We knew that to effectively complete our aggressive school construction program, we would need to implement a much more efficient system that would increase our pool of contractors and facilitate the process of doing business with the District," said Veronica Soto, manager, small business programs, LAUSD.

To manage and track the bidding process of this massive new construction undertaking, LAUSD has migrated to eBidboard to improve the quality and efficiency of preparing and distributing the massive volume of bid information, updates and project changes.

"Our agency clients, like LAUSD, now have access to better informed bidders when they use eBidboard," stated Michael Cornelius, president and founder of Construction Bidboard. "The end result is a much higher quality of bids and projects. Bidders have access to real-time and historical project information to allow them to submit more complete bids."

LAUSD is now attracting better-informed bidders with the eBidboard system. First, projects are advertised to a much wider contractor base. Individual contractors can automatically receive bid information specific to their work interest.

"Our direct communication with contractors and other bidders facilitates scope clarification and proposal development," claims Soto. "All plan holders receive automatic project updates, changes and notification of addenda."

eBidboard solves a serious problem for the $200 billion public construction sector. The industry, comprised of public agencies, contractors, subcontractors, suppliers and service providers, has historically relied on a paper-based inefficient bid solicitation process that introduces substantial business risk for all parties. Burdened by inaccurate information, and archaic communication methods, projects are frequently compromised before the work begins.

eBidboard is an intuitive cross-agency database that allows public agencies to post project data to solicit bids. The contracting community can then access real-time detailed project information including plans, specifications and addenda; retrieve historical bid information, including line item pricing and subcontractor listings; communicate online with owners and prospective bidders; and find and solicit disadvantaged businesses. By incorporating eBidboard, agencies benefit from an increased number of bids, lower bid costs, efficient outreach to the disadvantaged business community, more effective project cost forecasting tools, effective document dissemination, better project update notification, and fewer project disputes. As a result, eBidboard saves its clients substantial time and money, facilitates better quality bids and proposals, minimizes business risks, and increases competitive awareness.

"Construction Bidboard broadens the reach of agencies beyond the standard print-based solicitation publications, reaching the critical mass mark needed to be identified as the solution-of-choice for both agencies and construction community subscribers," Cornelius continued. "These successes further our goal of transforming and modernizing the solicitation, bid and proposal process in the California marketplace. A replicable business model, these achievements will serve as a springboard to move into additional markets throughout the country."

ABOUT CONSTRUCTION BIDBOARD

Construction Bidboard is a privately held company that markets a Web-based service, eBidboard(TM), to the construction industry. Founded by Michael Cornelius, a civil engineer and contractor, eBidboard was "built by construction for construction." The focus of the service is to improve the construction solicitation and bid management process, benefiting both public agencies and the contracting community. eBidboard combines the power of the Internet with construction bid management requirements to simplify the proposal process for leading public agencies, contractors, suppliers, and service providers. eBidboard has earned the endorsements of California's largest construction associations including the Associated General Contractors of California, Southern California Contractors Association, and the Engineering Contractors Association. A provisional patent has been filed. For more information, please visit the company Web site at www.ebidboard.com.