Description (short summary):Â Â
E-auctions are a procurement tool with a proven track record of delivering significant savings during the purchase of commodity goods and services. E-auctions have been used across the public sector for over five years; savings vary but are frequently in excess of 10 % and have been reliably measured at up to 50Â % against pre-auction prices. In order to maximise the cash savings that can be achieved, more public sector organisations need to work together on common specifications to make greater use of e-auctions. The Centre for e-Auctions has been set up to encourage more participation and to help implement e-auctions and develop capability by providing advice, guidance and support.
This Forward Plan, which will develop over time, is a schedule of e-auctions that provides the basis for increased collaboration on the procurements. The estimated total value of the e-auctions identified in this Forward Plan is Â£900 million (approx. â‚¬1.1 billion) and, subject to market conditions, could deliver overall savings of around Â£270 million (approx. â‚¬329 million) for the participants, based on a possible 30Â % saving.
Number of pages: 10
Related ePractice news article:
UK: Office of Government Commerce announces its eAuction strategy
Description of license: Â© Crown copyright 2010
Nature of documentation: Policy/Strategy papers