Thursday, January 06, 2005

?233,000 saved by e-Auction IT procurement at National Probation Directorate / PublicTechnology, 6 Jan 2005

http://www.publictechnology.net/modules.php?op=modload&name=News&file=article&sid=2282
"The National Probation Directorate (NPD) has recently saved ?233,000 using an eAuction scheme as a key part of the process to buy new software and hardware.

Electronic reverse auctions (eAuctions) are an innovative procurement technique that use secure web-based technology. The sense of competition is heightened as suppliers compete in real time by bidding lower as the auction unfolds. eAuctions offer efficient, open and transparent negotiations as part of a full procurement process. "