Transform the way you engage your vendors
Whether you're a commercial or residential builder; infrastructure, asset maintenance or EPC contractor, Felix can help.
Vendor management challenges
Construction companies are relying on increasingly complex supply chains, which puts pressure on operational teams to prequalify vendors, manage HSEQ compliance, social impacts and performance across multiple projects. Some common risks include:
- Suppliers' insurance and licenses expiring while engaged
- Operational teams circumventing procurement processes
- No central source of truth for vendor business and compliance information
- Project teams and suppliers spending time on low-value tasks
No control over the sourcing process
Geographically dispersed teams are caught up in inefficient or non-transparent sourcing processes. Meanwhile, time sensitive requirements often result in shortcuts when it comes to compliance.
- Increased project costs due to non-competitive bidding processes
- Project delays as a result of cumbersome internal approval processes
- Significant time spent evaluating quotes based on price, Indigenous/local engagement, financial stability etc.
- Centre-led procurement processes being ignored
Did you know?
1 in 5 voluntary administrations were construction related in 2019
~80% of all construction work in Australia is done by subcontractors
1% annual productivity growth of the global construction sector despite large GDP contribution
Designed for Construction
- Vendor Information Management
- Single Source of Truth
- Established Rates
Vendor Information Management
Increase the vendor onboarding process efficiency while improving collaboration and visibility:
- Tailored prequalification workflows based on risk profiles
- Streamline the approval process from relevant internal subject matter experts (e.g. HR, HSEQ)
- Vendors have their own account to maintain their information, saving admin time on both sides
Single Source of Truth
Access a single source of truth for all vendor data. This allows organisations to have greater oversight of their supply chain to inform better and quicker decision making while driving internal collaboration.
Quickly and easily segment your supply chain via location, tag (e.g. Local and Indigenous content, Social Enterprise, Modern Slavery etc.), performance score and panel.
Established Rates
Capture negotiated rates in standardised formats from the moment vendors are onboarded, giving you the best chance of realising the savings while ensuring compliance.
Your team can then leverage these negotiated rates with rapid sourcing - a feature built specifically for low value (under threshold), high frequency transactions, e.g. traffic management, labour hire, plant hire.
Rated 4.6 out of 5 on Capterra and Software Advice
Frequently Asked Questions
Is Felix procurement software just for large construction companies?
No, construction procurement software can benefit companies of all sizes. While larger companies may have more complex needs, the core functionalities of streamlining processes, managing vendors, and improving efficiency apply to all construction projects.
Does it offer functionalities for bid analysis and comparison?
Yes - as vendors respond in-platform, Felix automatically compares bid responses in the Pricing Schedule (found in our Sourcing module). Here you can normalise quotes, include non-financial factors in your analysis, and make adjustments to ensure you’re comparing apples to apples. For a more detailed analysis, you can set up weighted evaluation criteria.
Does the software offer features for supplier performance tracking?
Yes – you can capture the performance of vendors throughout tenders, projects and engagements and then use this data to inform future sourcing decisions or manage supplier relationships.
Does Felix offer mobile access?
Felix is cloud-based SaaS software meaning you can access from anywhere provided you have an internet connection – this includes accessing the platform on your mobile phone through your preferred browser. However, we do recommend using Felix on your laptop or desktop computer to take full advantage of all the features and functionality that Felix offers.
How does Felix compare to other construction procurement software solutions?
Felix offers a user-friendly interface that minimises training time, allowing your team to get up and running quickly. Additionally, Felix is highly scalable, accommodating the needs of both small construction firms and large enterprises. Most importantly, Felix boasts a comprehensive suite of features specifically designed to streamline construction.
How secure is my data stored within Felix software?
Rest assured that here at Felix we take security and compliance very seriously. When it comes to security, we are ISO/IEC 20071:2013 and SOC 2 Type 1 certified. For Data Protection and Privacy we are audited to be compliant with the European Union's General Data Protection Regulation (GDPR) and the Australian Privacy Act (1988).
How does Felix integrate with existing project management platforms?
Felix offers integrations with various project management platforms. Check our integrations page for details https://www.felix.net/integrations.
Can I use the software to generate reports on procurement activities?
Felix allows you to generate a range of reports so that you can get procurement insights on vendors. You can also take advantage of enhanced reporting capabilities by using our Web API to connect Felix to your ERP and business intelligence tools (like Tableau or Power BI). Our API allows you to send data from Felix to third-party applications so that you can access the data you need for operational and reporting purposes. Learn more about our Web API here.
Will implementing construction procurement software disrupt my current workflows? How long is the implementation?
Felix is here to help you succeed – we take a collaborative approach to ensure an efficient and effective rollout with minimum disruption to your current workflows. Find out more about the implementation process here. We can have you up and running with Felix in as little as eight weeks.
Minimise your risk, maximise your relationships
Agile, flexible, trusted. Learn how Felix can bring smarter procurement processes to your business with a purpose-built solution.