RapidBid, a software firm established in 2017, is known for its SaaS-based takeoff and estimation software designed for professionals in the construction industry.

The company’s software, also named RapidBid, is engineered to automate and simplify the construction estimating process. It boasts a variety of features such as file previewing, drawing management, highlighting file changes, telephone support, auto counting management, and measurements for linear, area, and volume. It also includes labor estimating, cost estimating, estimation templates, and price updates.

Construction professionals primarily use RapidBid’s software to create estimates, generate bids, calculate quotes, and determine quantities. The software’s automated counting and area calculation features enhance the accuracy and efficiency of the estimating process.

Operating in the B2B, SaaS space within the Real Estate and Construction Tech market segments, RapidBid has managed to distinguish itself despite having 299 competitors. The company is based in South Africa and, as per the latest data, has not yet raised any funding rounds.