Streamlining the RFP Process
EdgeworthBox showcases 21st century RFP platform
First-time GEOINT Symposium exhibitor EdgeworthBox (Booth 1830) is highlighting what it calls “A Bloomberg machine for the RFP process,” according to founder and CEO Chand Sooran.
“We want to make large-scale acquisition simpler, fairer, faster,” said Sooran, who is drawing upon his background in finance to do so. “We’ve built a cloud-based solution that acts as a layer that can be used individually or with existing technology.”
One challenge the platform seeks to address is that of finding the right suppliers to submit proposals. For example, out of 100 potential contractors perhaps only three are fully equipped to solve the problem outlined in a RFP, and others offer only a partial solution.
“If none of those three suppliers submit a proposal then you end up buying from one of the other 97 who submits,” Sooran said. “You may end up commonly overpaying for a second-best solution.”
EdgeworthBox’s platform employs a 21st century approach to circumnavigate the tedious and repetitive process contractors endure to register as a vendor with numerous government agencies. The company aims to serve as a clearinghouse for both administration and data.
“Register with us once and give the information needed to be a vendor of record with any buyer on the platform,” Sooran said, adding the platform will also include social networking tools for both buyers and suppliers to tell their stories.
Posted in: From the Floor, GEOINT Symposium Tagged in: 2019 Show Daily Day 3
Government Hub
The NGA Bets on Relationships to Power its Acquisition Strategy
Seeking expanded agility, collaboration, and innovation, the NGA reimagines its acquisition strategy.
Panel Discussions
An Inflection Point for the Space Economy
Private-sector innovation and investment will help determine the shape and success of the new space age.
YPG Hub
Activating Entrepreneurship
One silver lining of the COVID-19 pandemic was a massive uptick in entrepreneurship. During a Wednesday afternoon panel in the Young Professionals Hub, a group of entrepreneurial experts discussed what it takes to succeed in the start-up world in 2022.