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Research Outline
Prepared for Mikkel S. | Delivered October 22, 2020
Bonfire
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Goals
To determine the cost Bonfire charges clients in the public sector procurement market.
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Early Findings
Bonfire
Bonfire's goal is to
reinvent the procurement
process by using industry insights to enable better RFP decisions and bids in the public sector. Bonfire allows clients to leverage benchmarks, industry insights, and data analysis to make informed decisions.
B
o
n
f
i
r
e
has over
400
customers, manages around
$26 billion
, and has a
97%
customer satisfaction rate.
Industries served by Bonfire include higher education, municipal,
nonprofits, K-12, transport
, healthcare, public, special districts, and commercial sectors. Solutions provided by Bonfire include
price-only bids
, RFP evaluations, Intake, and contract management.
Bonfire does not charge to submit proposals on the platform, and a vendor can submit any
number of proposals
across the multiple portals for free.
Bonfire offers a
90-day
free subscription on the platform. During the trial period, users get free access, unlimited bids & RFX projects, and access the
large vendor network
.
Bonfire has a premium vendors package that costs
$300
per year. Bonfire premium vendors have access to over
20,000
public sector projects that include construction and manufacturing equipment, building and facility construction maintenance services, business management services, and engineering and "technology-based services."
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