More clients adopt online bidding
Series: Building ; 267(8220) 8 February 2002, 16(1)Publication details: 2002Subject(s): Summary: Cable & Wireless and BP are the latest construction clients to consider the online procurement process known as 'reverse auction bidding' . The process involves the client inviting prequalified firms to tender for work on the internet and displaying the lowest bid on a website just before the auction starts. Firms have 45 minutes to undercut this figure. Specialist contractors argue that the process undermines Egan principles and want to stop reverse auctions spreading through the industry.| Item type | Current library | Call number | Copy number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|
| News article | London News article | WB3806-05 (Browse shelf(Opens below)) | 1 | Available | 116693-1001 |
Cable & Wireless and BP are the latest construction clients to consider the online procurement process known as 'reverse auction bidding' . The process involves the client inviting prequalified firms to tender for work on the internet and displaying the lowest bid on a website just before the auction starts. Firms have 45 minutes to undercut this figure. Specialist contractors argue that the process undermines Egan principles and want to stop reverse auctions spreading through the industry.