Adding a benchmark will give buyers comparison pricing for bids provided by vendors, and provide a basis for calculating savings.
Benchmarks may be automatically imported from your company's ERP system. They can be determined in a variety of ways, including last price paid, average price paid over a certain time period, or the requisition/budget amount.
If benchmarks are not loaded as part of your draft RFx creation process, you can add a benchmark to your RFx while it is in a Draft or Open status.
Note: If your bid is already open, click Edit
Then, update the item benchmarks as desired.