Public Sector Bids and e auctions

Posted on 26-03-2010 at 18:00

E-auctions to save government £270m
Tuesday, March 16, 2010

The Office of Government Commerce's (OGC) Centre for E-auctions has published a plan on e-auctions, aiming to save the public sector hundreds of millions of pounds.

Its Forward Plan for E-auctions has set out a rolling schedule of e-auctions for the next two years, which could influence up to £900m of spending. If the plan is successful, it will save the public sector £270m by the end of 2011/12.

The Economic Secretary to the Treasury, Ian Pearson, said: "With the publication of this Forward Plan, I am calling on all public sector procurers to use developing technology in the collaborative procurement arena and to make full use of forthcoming e-auctions.

"As we continue to build the economic recovery, it is vital that we can take every opportunity for reducing costs to the public purse. E-auctions deliver real, cash savings and should be used much more frequently."

The OGC has also established an online facility dedicated to e-auctions, including online forums and access to best practice guidance. Regular updates on upcoming e-auctions will also appear on the website.

Previous e-auctions have delivered savings in excess of 10 per cent.

Nigel Smith chief executive of the OGC added: "We have achieved solid and sustainable savings from e-auctions. The new Centre for E-auctions is building on this work and is providing a widespread push to get e-auctions in regular use across all categories of spend.

"The Centre for E-auctions team has the right expertise and know-how to give e-auction participants every confidence that their procurements will deliver similar levels of savings and high quality goods and services."
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