Electronic Bidding Saves Brazil Over a Quarter Million Dollars

Brazzil Magazine covers

Use of electronic bidding was largely responsible for the US$ 255.51 million (520 million reais) that the Brazilian federal government saved last year in goods and services procurement in comparison with 2004, according to Sérgio Santana, secretary of Logistics and Information Technology in Brazil’s Ministry of Planning.

The savings in relation to 2004 amounted to 9%. This year the government expects to economize 10% through the use of electronic bidding, Santana informed.

The secretary affirmed that, besides the savings, electronic bidding offers other advantages, such as greater transparency in the bidding process.

"Electronic bidding makes business transactions more trustworthy: It inhibits previous deals and arrangements among suppliers, since they don’t know who the other bidders are and who is judging the bids. So there is greater security and transparency throughout the process."

Another plus is that many of the companies that participate in the electronic bidding process are small firms. According to Santana, half of the 232,000 suppliers are small firms.

Santana affirmed that electronic bidding is proving so successful that the government is examining a project to extend internet use to include all other types of bidding. The project is under analysis in the office of the presidential civilian advisory staff.

Agência Brasil

Tags:

You May Also Like

Brazzil Magazine covers

Brazil Reduces Growth Forecast in Half to 0.9%

For the third quarter in a row, the economic staff has reduced the official ...

Brazzil Magazine covers

Best-seller Books, Plays and Movies

By Brazzil Magazine Dois Perdidos Numa Noite Suja (Two Lost Souls on a Dirty ...

Brazzil Magazine covers

11,000 Brazilians Found in Slave Work in 3 Years

The number of people freed from slave work in Brazil, during the first 10 ...

Brazzil Magazine covers

Samba in the Kitchen

She has charmed the President of Brazil and Michael Jackson with her cooking. Hollywood ...

Brazzil Magazine covers

Brazil Says Au Revoir to France with Good Memories and Money

Since 1985 France has been spotlighting certain countries and giving them year-long exposure. This ...

Brazzil Magazine covers

Brazil Has Already Reported 3,000 Dengue Cases This Year

Brazil’s Ministry of Health reports that as the dengue mosquito season begins – it ...