Downtobid
Downtobid is a New York-based company specializing in construction technology, offering AI-driven solutions to streamline the bidding process for general contractors.
Company Overview
Downtobid is a specialized company in the real estate and construction sector, with a focus on streamlining the bidding process for construction projects. Headquartered in New York, NY, USA, and offering fully remote services, Downtobid operates within the United States and Canada. The company was part of the Y-Combinator S19 batch and maintains a team size of 5.
Services
Downtobid provides services designed to help general contractors (GCs) streamline their bidding processes. Using AI technology, the company helps to identify scopes of work, find qualified local subcontractors, and send personalized bid invites. This process includes turning construction plans into bid invites within minutes and creating custom subcontractor invite lists from bid packages identified in the drawings.
Products
Downtobid offers a free plan that allows for two simultaneous projects with unlimited users. For extensive needs, the Pro Plan is available at $50 per user per month, which supports unlimited active projects and includes a dedicated bid coordinator for each project. This tier aims to facilitate more efficient management of bidding processes for larger or more frequent projects.
AI-Powered Construction Bidding
Downtobid leverages artificial intelligence to accelerate the understanding and processing of construction plans, allowing for more efficient bid invitations. This AI functionality helps general contractors to quickly transform construction plans into actionable bid invitations, significantly reducing the time and effort traditionally required.
$40 Million Worth of Projects
Since its inception, Downtobid has overseen the bidding for $40 million worth of construction projects through its platform. This demonstrates the company's growing traction and the effectiveness of its technology in the construction industry.