The first four pilot e-Auctions for the Ministry of Health and Social Security were successfully completed with a significant benefit to the
The e-Marketplace Platform was used for the first time in the e-auctions conducted by the Health Procurement Committee (HPC) on 28th July 2011 for the supply of Medicines.
The two largest -by budget terms- e-trading e-auctions, have achieved price reductions of 61.69 % and 58.20 % respectively, in relation to the initial e-trading price initially set by the HPC, following the submission of written sealed bids by participants. It is noted that the suppliers had already offered substantial discounts in their written offers in relation to the proclamation budget, thus increasing the overall benefit to the State to 84.3 % and 76.4 % respectively.