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Challenge Statement
The Challenge focused on this project:
GenAI-based solution for generating a summary report for all RFP submitted against tendor.
In the Construction segment contracting and sub-contracting there are multiple RFP submitted by multiple
vendors against any tender.
Challenges:
Manual evaluation of construction proposals are
time-consuming and challenging.
Complex Criteria and Ambiguity in contractual
terms.
Objectives:
Develop an AI solution to automate and simplify the
proposal evaluation process.
The Requirements for the Tender are needs to be
tabularized and categorized.
The Summary should be in Tabular format.
Provide Top 3 vendors with Justification.
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Concept / Solution
Solution:
Developing a Generative AI-based SaaS using Palm2 API to automate and enhance the RFP and Tender analysis
process.
TENDOR VENDOR
Improved Communication
and Collaboration Complex reasoning
Chatbot facilitates Accurately understanding and
communication, provides interpreting such complicated
guidance, and a better data may present
understanding between difficulties for GenAI.
stakeholders.
Transparency and
Fairness Data dependency
Relies on a large and
diverse dataset of RFPs and
Clear visibility into the tender
tenders for optimal
process. Enhanced
performance.
accountability and traceability
Then the validation proceeds the vendors to the RFP's proposal phase.
The tendor specifies the qualification of the vendor in the Tender Document.
The validation takes place for the RFPs given against the tendor.
This phase of validation selects the RFPs that are passed the requirements for the tendor and gives the passed
RFPs for the tendor analysis.
The GenAI validates the various RPFs submitted against the tendor.
The Tender Requirements are classified into: The Analysis of RPFs are based on:
Financial Technical
Efficiency. Parameters.
Technical. Legal.
Timeline Previous
Track records.
Financial. Work scope
perspective
Legal Qualification
Requirements criteria
Technology
Availability of Infrastructure
Data Adequate technical infrastructure and
Access to a large and diverse cloud resources are
dataset of construction RFPs and available to support the system's
tenders is assumed. operation.
Continuous Improvement
User Acceptance
The system requires ongoing
Construction professionals are maintenance, updates, and
willing to adopt and utilize a new improvement based on user
AI-based system for tender feedback and industry trends.
evaluation.