Question 1

What is iSpec?

Accepted Answer

iSpec is procurement software built specifically for complex capital projects. It manages the full procurement lifecycle from engineering specifications and RFx tendering through vendor evaluation, contract award, milestone tracking, and delivery governance — in one integrated platform.

Question 2

How is iSpec different from SAP Ariba or Coupa?

Accepted Answer

SAP Ariba and Coupa are excellent for enterprise-wide, indirect, and catalog procurement. iSpec is built for project procurement — engineering-heavy, document-intensive, multi-contractor tenders where specifications evolve, contracts span years, and milestones drive payments. Generic systems stop at PO creation; iSpec extends through contract execution and delivery.

Question 3

How is iSpec priced?

Accepted Answer

iSpec is free for buyers procuring more than $30 million in CAPEX per year. For smaller buyers, pricing is based on concurrent users — you pay only for simultaneous active logins, not named seats. Vendors pay a success fee of 0.3–0.45% only when they win a tender, with zero cost to bid.

Question 4

Who uses iSpec?

Accepted Answer

iSpec is used by procurement teams in capital-intensive industries including ports and terminals, mining, energy and utilities, infrastructure, marine and offshore, and heavy equipment sectors. DP World has relied on iSpec for 18+ years, with project managers growing from 5 to 30 concurrent projects.

Question 5

What is the Adopt-or-Don't-Pay guarantee?

Accepted Answer

iSpec offers a 90-day Adopt-or-Don't-Pay guarantee. If your team does not achieve measurable productivity improvements in the first 90 days, you pay nothing.