With a procurement auction held in Fluenta Auction, our client saved a total of almost 80 million euros.
As a public project company, our client manages the implementation of various investment projects; they have entrusted us with the management of an electronic auction process.
The auction, which was originally planned to be 30 minutes long, ended up lasting three hours due to the automatic 5-minute extensions, during which time our expert was constantly monitoring the event.
During the successful English-type auction, we ultimately achieved a 28% saving for our client compared to the initial starting bid.
We are proud to have been able to help our client save so much with the use of the Fluenta Auction module.
Are you also interested in electronic auctions?
With the Auction module of our Fluenta software, you can have supplier terms and conditions compete in a rapid negotiation. During the online auction, prices and other important contractual terms, such as delivery or availability times or warranty conditions may all be renegotiated. The Auction module can handle both buying and selling auctions, while the electronic system allows you to have your suppliers compete at the same time, and much faster than in traditional auctions.
Leave it to the professionals!
If you would rather play it safe, we are happy to take on the complete process of organizing the electronic auction for you as part of our professional services. In addition, our experts will advise you on the most effective auction type and parameters.
In this case, you can simply watch the auction without having to actively manage it, while our team takes care of all the tasks: from the preparation of the auction tailored to your needs, through the notification and education of participants, to the delivery of the report on the audited processes.
For more details, contact the Fluenta team.