Alt Bids is an abbreviation for Alternative Bids. You can use this feature when you want to shop items around and get competitive pricing.
To enter alternative bids follow these steps:
| Step 1 | Enter the date of the bid in the date field. |
| Step 2 | Click the "Edit" button to select the vendor of the alternative bid. |
| Step 3 | Enter a note in the note field if appropriate. |
| Step 4 | In the screen shot below, Hickory Chair Company is the selected vendor for this item. To change the vendor to Clarence House, click on the Select button next to Clarence house. This will cause unit cost of $950 to be replaced with $1,050.00 It will also change the vendor from Hickory to Clarence. |
Important: There are two reports related to alternative bids: "Alternative Bids" and "Max/Min Pricing"