EXA37
— Send data to a third party —
Sealed Bids in Procurement
Procurement teams see all bids before deciding — Polymonial seals each bid so nobody peeks before the deadline.
The problem to solve
Every procurement process today depends on bidder trust in the procurement team's discipline. Bidders submit pricing, evidence, proposals — the procurement team sees all bids before deciding. Even with policy + chinese-wall, suspicions about bid leaks (especially in public-sector tendering) drive bidders to inflate prices.
The solution it enables
Bidders submit schema-wrapped sealed bids. Procurement team's schema reveals only the bid format compliance + summary score until a published deadline. After deadline, bids open to scoring. Each scoring panellist's schema reveals only the dimension they score (technical / commercial / risk). The procurement team verifies process; nobody saw early.
What it looks like
A UK hospital trust runs a large IT-services tender with several bidders. Today: bids submitted via email + portal; procurement team has full visibility from submission. Bidders' suspicion of leak drives margin padding; the Trust's actual price-discovery is blunted. After Polymonial: bids submitted sealed; procurement verifies format compliance over seals; on deadline, bids open to the scoring panel; each panellist sees only their scored dimensions. Bidders trust the seal.
“The procurement team verifies compliance. They don't see your number until everyone else's number opens too.”
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