Savings Initiatives

The Central Procurement Office (CPO) was created in 2015 with a mandate is to identify areas of government with savings potential and to pursue cost saving opportunities where appropriate..

Following extensive research and an in-depth spend analysis covering all of core government, the Director of CPO recommended the use of electronic reverse auctions (eRAs) as a key methodology to achieve strategic cost-savings.

A pilot project was set up in 2016 and reverse auctions have been run in the following areas:

• Network & Firewall Infrastructure Upgrade
• ICT Equipment for Government Schools
• Office Supplies, Paper & Toner
• Pharmaceuticals
• Medical & Surgical Supplies

The Process

A Two-Step Approach

The Approach is a 2-step procurement process utilizing reverse auction.

• The methodology secures responses and initial pricing in Step 1 and final pricing in Step 2 as outlined below and allows only qualified bidders to participate in the reverse auction:

Solution Implementation

Reverse Auction Lifecycle