Jumpstart your spread with L2Q
I must be honest…when I first started working at Leads 2 Business, the department that “freaked me out” the most was by far L2Q. I knew the only way I would overcome my fear was to get myself into L2Q and learn as much as I possibly could. And here I am.
So firstly, what does L2Q stand for? Leads 2 Quotes (L2Q) is an electronic pricing platform used by buyers to send out requests for quotes to their preferred suppliers.
You have the following benefits:
- One system – which makes it easier and more efficient for you so you don’t have to try and find vendors to provide pricing. It is all right there for you – just by a click of a button;
- Trade Mapping – where we will code the trades according to your company’s needs;
- L2Q has the ability to transfer a bill of quantity into various electronic formats;
- Easy access to a database of vendors / suppliers within different regions;
- Time saver;
- We have a support team who will follow up on the requests for quotes and update you accordingly on their response;
- We upload any drawings that you may have.
The L2Q process is super simple and straight forward and is as follows: Buyers / main contractors will do an L2Q Bill Request on the L2B system, which guides you through the steps such as contract number, description, respond by date, closing date, then on to the trade mapping, attaching files, etc as below:
The bill of quantities can either be attached on the request or the contractors can send it to us directly via e-mail. From there, we will convert it, make it “pretty”, code it into the correct trades and upload it onto the buyer’s L2Q Desktop, for you to begin the process of electrically requesting quotes. This process does take some time, our turn-around times are as follows: Excel bills is a minimum of 24 hours and PDF a minimum of 48 hours.
We then also have Trade Mapping available which is where we will code the trades according to your company’s needs.
You will have the option of selecting your preferred suppliers/vendors. You can earmark the businesses that have given you the best response, service and pricing. Our pricing platform will also start recognising the vendors on our system who have given you the best response to the requests for quotes. So should you not have dealt with a company before, their rating will give you a guideline on their response rate. You can then generate a Control List report which will show you the vendors you have sent to as well as your engagement with them, how they are responding to you as well as the follow ups done by our Control List team.
We understand the time constraints and therefore our directory of over 90 000 companies is expanding and updated on a daily basis which then gives you even more options to your business and ultimately more competitive pricing when submitting a tender.
The e-mails that are sent to the vendors through the L2Q system include your company branding, drawings, addendums, terms & conditions and specifications which bring clarity to the vendors when responding.
In conclusion, Leads 2 Business’ biggest and strongest point of differentiation is our Leads 2 Quotes platform – our very own. I hope that my explanation of the L2Q system has been useful as well as beneficial to you, and that those who have been a bit weary of it, will now grab it by the horns 😉
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