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Southern Water - Sourcing

Sourcing

  • To avoid having to pay a substantial financial penalty to external parties due to delays in appointing a supplier, Efficio were appointed to conduct a reverse auction within a tight deadline to negotiate with multiple suppliers
  • Within 15 minutes of auction, initial proposal prices were reduced to be within budget, representing saving of 12%
  • Contract was awarded and signed with the winning bidder, enabling the bidder to commence work immediately and the client avoided having to pay significant penalties
     
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