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News Release
6/11/02
We are pleased to announce that eMaryland Marketplace has integrated Achates Systems
IntelliCost® WEB software on its web portal to acquire and analyze pricing,
optimizing contractor, vendor and supplier selection. The use of IntelliCost®
by eMaryland Marketplace will accelerate bid submissions, reduce bidding errors
and provide buyers and procurement officers with the ability to quickly and efficiently
analyze vendor and contractor prices, cost and scope. The use of IntelliCost®
will benefit contractors and vendors by providing faster feedback on bids and
closure of business.
The IntelliCost® software system is a breakthrough improvement in procurement,
risk and change management productivity providing the information and analysis
to verifiably and significantly reduce costs and avoid errors.
IntelliCost® automatically analyzes contractor and vendor pricing submissions
and bids, streamlining the selection process, by detecting and pinpointing cost
and scope variances, exceptions and bidding mistakes that lead to change orders
and delays.
IntelliCost® prevents costly 'scope creep' and provides for targeted value
engineering by automating cost and scope historical change management, detailing
what changed and what effect the changes had in budget estimates and pricing,
eliminating often incomplete and inaccurate manual spreadsheet entries.
IntelliCost® lets you know exactly what you spent, where and why you spent
it from start to finish, for smarter, faster and better decisions.
Achates Systems, Inc. is a company specializing in providing decision support
and information management software systems, processes and services to our clients
in both the private and public sectors.
eMaryland Marketplace is the State of Maryland's eProcurement portal for State
and local government agency buyers and procurement officers to purchase goods
or solicit bids over the web. eMaryland marketplace establishes real time communications
in a paperless environment with its vendors and contractors.
Achates customers in the public and private sector include EMC Corporation, XM
Satellite Radio, NOVA Corp., Anne Arundel Community College and Montgomery County,
Md.
For information on how the IntelliCost® software system can benefit your
organization please call 301-340-9171.
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