Downtobid

Downtobid is a privately held software company focused on transforming the commercial construction bidding process. It offers AI-powered tools that help general contractors (GCs) and subcontractors streamline bid creation, coordination, and response tracking. The company operates in the SaaS, AI/ML, and construction tech verticals.

• Headquarters: Arcadia, California

• Founded: Originally launched as BasisBoard in 2020; rebranded as Downtobid

• Employees: Approximately 5

• Industry: Business/Productivity Software, FinTech, AI/ML

Downtobid was founded by Andy Lee and Kevin Wu, both experienced professionals from Uber and Boston Consulting Group. Their mission was to eliminate inefficiencies in the construction bidding process, especially the spammy and irrelevant bid invites that plagued subcontractors.

• The platform evolved from a simple bid management tool into a full-fledged AI-driven solution.

• It gained traction by solving real pain points like mismatched trade scopes, poor subcontractor targeting, and lack of response tracking.

Downtobid offers distinct tools for GCs and subcontractors:

For General Contractors

• AI Scope Detection: Automatically identifies trade packages from drawings

• Bid Package Builder: Generates clean scopes and notes

• Subcontractor Matching: Access to 57,000+ verified subs

• ITB Tool: Sends personalized invites from the GC’s own email

• Real-Time Tracking: Monitors bid responses and engagement

For Subcontractors

• Bid Board: Centralized dashboard for all invites, deadlines, and RFIs

• Response Management: Quick reply tools to stay competitive

• Planroom Access: Organized project documents by trade