eAuctions used as part of Capital Expenditure Projects

Over recent months, we have seen an increased use of the auction tool in the capital expenditure arena – especially so in categories such as IT hardware, machinery, equipment, and refurbishment works contracts.

These auctions typically contain a mixture of labour/service and physical equipment costs, and may be for a fixed or escalating number of projects – possibly for a store or depot refurbishment roll-out.

Andy Tyson, founding Director of Trade Interchange says “The flexibility of the eAuction tool allows buyers and project managers to negotiate the optimum package available in today’s tough market. One of our famous high street retail clients successfully demonstrated this by allowing suppliers to bid a combined value for their cost of stripping-out a number of stores, along with their valuation placed on the items removed for selling on.”

To find out how eAuctions can start to save your teams time, money and effort call us now on +44 (0)20 87800610 or contact us here.