New eProcurement system to save Vermont at least $3 million annually in full use

first_imgGovernor Jim Douglas today announced that the Administration will begin implementing eProcurement for the State of Vermont after recently receiving approval from the Joint Fiscal Committee. The Department of Buildings and General Services and the Department of Information and Innovation, through the Office of Purchasing & Contracting will work with Vermont Interactive Consortium (VIC) ‘ the State’s web portal company ‘ to implement an eProcurement System for Vermont procurement and purchasing, with first use of the system scheduled for the beginning of calendar year 2011. A phased implementation of the system is planned.‘Implementation of an eProcurement system will not only streamline the bid and response process, but also to increase competition among vendors,’ said Governor Douglas. ‘A larger market means more competition which will ultimately lead to cost savings for taxpayers.’The more effective use of technology to save taxpayer money is one of the many efforts underway to resolve ongoing budget shortfalls and meet the goals of Challenges for Change. The goals of eProcurement include efficiency, less paperwork, and a greater exposure to bidders. Savings are estimated to be at least $3 million annually when the system is in full use.The procurement process today is challenging and paper intensive. With an eProcurement system, bid opportunities will be posted electronically and responded to in the same manner with vendors receiving automatic notification of any bid solicitation posted by the Office of Purchasing & Contracting. Additional benefits include enhanced reporting functions; streamlining of the bidding and contracting process, administrative efficiencies; reverse auction capabilities; transparency; and an electronic approval process.‘This is a very tangible example of the type of reforms we are making throughout state government as we carry out Challenges for Change,’ said Administration Secretary Neale Lunderville. ‘This is one step to make state government more efficient and ensure that taxpayer money is spent as effectively as possible.’Source: Governor’s office. 8.24.2010last_img

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