Raise a New ITT / RFQ
Bundle IQ will generate the full document, identify matching vendors, and manage the entire process.
Evaluation Criteria Weights
Must total 100%%
%
%
%
%
My Tenders
All your active and completed procurement events.
| Ref | Title | Type | Value | Responses | Deadline | Status | |
|---|---|---|---|---|---|---|---|
| RFQ-2024-041 | IT Hardware Refresh | RFQ | £150k | 6/6 | Closed | Evaluating | |
| ITT-2024-040 | Facilities Management | ITT | £480k/yr | 3/5 | 4 days | Live | |
| RFP-2024-039 | Legal Services Framework | RFP | £95k/yr | — | TBC | Drafting | |
| RFQ-2024-038 | Marketing Print | RFQ | £38k | 4/4 | Closed | Awarded |
Vendor Responses — RFQ-2024-041
6 responses received · Bundle IQ has pre-scored all submissions · Ready for evaluation
Bundle IQ — Response Summary
All 6 submissions received and pre-processed. IQ has validated compliance, cross-checked pricing against market benchmarks, and generated initial scores. TechSource UK leads on overall score (90/100). One risk flag on CoreSystems (credit rating). Recommend proceeding to formal evaluation. Estimated time to award: 3 working days.
💻
TechSource UK
IT Hardware & Software
Price
33
Quality
23
Delivery
18
Risk
12
ESG
4
Total Score90/100
ISO 27001Cyber Essentials10 day lead£131,250
🖥️
ProEquip Ltd
IT Supply & Infrastructure
Price
29
Quality
21
Delivery
17
Risk
13
ESG
3
Total Score83/100
ISO 900114 day lead£138,500
⚙️
CoreSystems
Enterprise Hardware
Price
31
Quality
20
Delivery
15
Risk
10
ESG
3
Total Score79/100
⚠ Credit flag12 day lead£127,000
📡
DataPoint UK
Technology Solutions
Price
27
Quality
19
Delivery
16
Risk
11
ESG
2
Total Score75/100
15 day lead£143,200
Evaluation & Award — RFQ-2024-041
Bundle IQ has completed weighted evaluation. Confirm award to proceed to contract.
✓
Raised
✓
Responses
⭐
Evaluate
🏆
Award
📄
Contract
💳
Payment
IQ Weighted Scores
| Supplier | Price | Quality | Delivery | Risk | ESG | Total | Flag |
|---|---|---|---|---|---|---|---|
| TechSource UK | 33 | 23 | 18 | 12 | 4 | 90 | Clear |
| ProEquip Ltd | 29 | 21 | 17 | 13 | 3 | 83 | Clear |
| CoreSystems | 31 | 20 | 15 | 10 | 3 | 79 | Risk |
| DataPoint UK | 27 | 19 | 16 | 11 | 2 | 75 | Clear |
🧠 IQ Recommendation
Award Recommendation
Recommend awarding to TechSource UK (90/100).
Rationale: Best overall score across all criteria. Price of £131,250 represents a 14.3% saving on baseline. ISO 27001 and Cyber Essentials certifications reduce IT security risk. 10-day lead time is fastest of all respondents.
⚠️ Do not award to CoreSystems without obtaining latest financial accounts (D&B credit flag noted).
— Bundle IQ
Rationale: Best overall score across all criteria. Price of £131,250 represents a 14.3% saving on baseline. ISO 27001 and Cyber Essentials certifications reduce IT security risk. 10-day lead time is fastest of all respondents.
⚠️ Do not award to CoreSystems without obtaining latest financial accounts (D&B credit flag noted).
— Bundle IQ
Contract Negotiation — TechSource UK
Bundle IQ has drafted the contract. Review, negotiate, and agree terms with the vendor.
✓
Raised
✓
Responses
✓
Evaluated
✓
Awarded
📄
Contract
💳
Payment
SUPPLY AGREEMENT
Buyer: [Your Organisation] Supplier: TechSource UK Ltd
Ref: CT-2024-041 Date:
1. Supply of Goods
The Supplier shall supply IT hardware as specified in Schedule A. All goods shall be new, undamaged, and conform to manufacturer specifications. Risk passes on delivery and acceptance.
2. Price & Payment
Total contract value: £131,250 (exc. VAT).
Payment milestone schedule:
• 30% on contract execution: £39,375
• 40% on Phase 1 delivery & acceptance: £52,500
• 30% on Phase 2 final delivery: £39,375
Payment terms: 30 days from confirmed milestone.
Payment milestone schedule:
• 30% on contract execution: £39,375
• 40% on Phase 1 delivery & acceptance: £52,500
• 30% on Phase 2 final delivery: £39,375
Payment terms: 30 days from confirmed milestone.
3. Delivery
Phase 1: Within 10 working days of contract execution.
Phase 2: Within 15 working days of Phase 1 acceptance.
Time is of the essence. Liquidated damages of 0.5% per day for delay, capped at 5%.
Phase 2: Within 15 working days of Phase 1 acceptance.
Time is of the essence. Liquidated damages of 0.5% per day for delay, capped at 5%.
4. Warranties
All hardware warranted for 24 months from delivery. [Vendor proposed: 12 months — under negotiation]
5. Liability
Neither party's liability shall exceed the total contract value except in cases of fraud, wilful misconduct, or death/personal injury.
6. Termination
Either party may terminate for material breach on 14 days' written notice. Buyer may terminate for convenience on 30 days' notice, paying for goods delivered.
7. Governing Law
England & Wales. Disputes to CEDR mediation before litigation.
Negotiation Points
Open
Warranty — Vendor proposes 12 months, Buyer requires 24 months
Agreed
Delivery timeline — 10 days Phase 1, 15 days Phase 2
Agreed
Payment milestones — 30/40/30 split
📨 Negotiation Thread
LiveIQ
Contract CT-2024-041 has been issued to TechSource UK. One point remains open: warranty term. Vendor has proposed 12 months; your standard is 24 months. I recommend holding firm — this is market standard for hardware of this value.
TS
We can offer 18 months warranty as a compromise — this aligns with our manufacturer support period.
IQ
18 months is below market standard. Recommend countering at 24 months with option to purchase extended warranty at cost. This is a reasonable position given contract value.
Milestone Payments — CT-2024-041
Funds held securely and released only on confirmed delivery. Full audit trail maintained.
✓
Raised
✓
Responses
✓
Evaluated
✓
Awarded
✓
Contracted
💳
Payments
Milestone Schedule
CT-2024-041Milestone 1 — Contract Execution
30% deposit · Due immediately · Held pending your release
£39,375
Milestone 2 — Phase 1 Delivery
40% on acceptance · Awaiting delivery confirmation
£52,500
Milestone 3 — Final Delivery
30% on final acceptance · ~25 working days
£39,375
Payment Summary
Total Contract Value£131,250
Released to Date£0
Held (Pending)£131,250
Remaining£131,250
🔒 Payment Protection
✓Funds held in Bundle secure account
✓Released only on buyer confirmation
✓Dispute resolution built in
✓Full audit trail for all releases
Open Tenders
Active ITT and RFQ opportunities matched to your profile. Bundle IQ highlights best-fit opportunities.
| Ref | Requirement | Category | Value | Deadline | IQ Match | |
|---|---|---|---|---|---|---|
| RFQ-2024-041 | IT Hardware Refresh — 200 laptops + peripherals | IT | £150k | 2 days | 98% match | |
| ITT-2024-040 | Facilities Management — 3 sites, London | Facilities | £480k/yr | 4 days | 71% match | |
| RFQ-2024-043 | Cloud Storage & Backup Solution | IT | £28k | 7 days | 94% match | |
| RFP-2024-039 | Legal Services — Employment & Commercial | Legal | £95k/yr | 10 days | 62% match |
Submit Response — RFQ-2024-041
Bundle IQ will help you craft a competitive response. Complete all sections before the deadline.
Tender Summary
ReferenceRFQ-2024-041
RequirementIT Hardware Refresh
Estimated Value£150,000
Submission Deadline2 days remaining
Evaluation CriteriaPrice 35% · Quality 25% · Delivery 20% · Risk 15% · ESG 5%
Pricing
Quality & Technical Response
🧠 IQ Response Assistant
Let Bundle IQ help you write a winning response based on your details.
My Submissions
| Ref | Tender | Submitted | Value | Score | Status | |
|---|---|---|---|---|---|---|
| RFQ-2024-041 | IT Hardware Refresh | Today | £131,250 | 90/100 | Evaluating | |
| ITT-2024-037 | Network Infrastructure | 2 weeks ago | £89,000 | 74/100 | Unsuccessful | |
| RFQ-2024-033 | Server Refresh | 1 month ago | £62,500 | 88/100 | Awarded |
Contract Review — CT-2024-041
Review, propose amendments, and sign your contract. Bundle IQ can advise on terms.
SUPPLY AGREEMENT — CT-2024-041
Buyer: [Buyer Organisation] Supplier: TechSource UK Ltd
Key Commercial Terms
Total Value: £131,250 · Payment: 30/40/30 milestones · Terms: 30 days
Delivery
Phase 1: 10 working days · Phase 2: 15 working days · LD clause: 0.5%/day capped at 5%
Warranty [Under negotiation]
Buyer requests 24 months. Vendor proposed 18 months. IQ recommends accepting 24 months — market standard and protects your customers.
Payment Protection
All payments via Bundle platform. Release on buyer confirmation of each milestone. Dispute escalation via Bundle IQ mediation module.
🧠 IQ Contract Advice
Vendor Guidance
Recommend accepting the 24-month warranty request. This is standard for hardware at this contract value and the buyer is a strong credit risk. Accepting will likely accelerate award and position you well for future contracts with this buyer.
All other terms are commercially reasonable. The milestone payment structure protects you — 30% on execution ensures you're not carrying risk before delivery.
— Bundle IQ
All other terms are commercially reasonable. The milestone payment structure protects you — 30% on execution ensures you're not carrying risk before delivery.
— Bundle IQ
Response Actions
My Payments — CT-2024-041
Track milestone payments. Funds committed by buyer and released on your delivery confirmation.
Milestone Schedule
Milestone 1 — Contract Execution
Released · 30 days to your account
£39,375
Milestone 2 — Phase 1 Delivery
Deliver by Day 10 · Buyer to confirm receipt
£52,500
Milestone 3 — Final Delivery
Awaiting Phase 1 completion
£39,375
Account Summary
Total Contract£131,250
Received£39,375
Committed (Next)£52,500
Remaining£39,375
Quick Actions
IQ Activity Today
Tenders generated4
Proposals evaluated6
Contracts reviewed2
Savings identified£47,200
Admin hours saved9.5 hrs
Audit Trail — RFQ-2024-041
Immutable log of every action from raise to payment.
✓
RFQ Published — Bundle IQ Generated
Today 09:00 · Alex Johnson · 14 vendors notified
✓
6/6 Vendor Responses Received
Today 14:30 · System · All submissions pre-scored by Bundle IQ
✓
Evaluation Completed — TechSource UK Recommended
Today 15:00 · Bundle IQ · Score: 90/100 · 14.3% saving identified
●
Award Confirmed — TechSource UK
Pending · Alex Johnson · Unsuccessful vendors to be notified
○
Contract Issued & Negotiated
Pending · Bundle IQ draft
○
Milestone Payments Managed
Pending · 3 milestones · £131,250 total
My Invitations
Direct invitations from buyers. Higher win rate than open tenders.
| Tender | Buyer | Value | Deadline | IQ Win Probability | |
|---|---|---|---|---|---|
| RFQ-2024-041 — IT Hardware | Mid-Market Buyer A | £150k | 2 days | 82% win probability | |
| RFQ-2024-043 — Cloud Storage | Scale-Up B | £28k | 7 days | 67% win probability |