Financial News and Economical Crisis

2 Jul, 2009 JSC Sberbank - Automated trading system began its work as the operator of the organization and conduct of public auctions for public procurement in electronic form. The work site was opened by President, Chairman of the Board of Sberbank German Gref and the head of the FAS Igor Artemyev.

Procedure for electronic trading allows companies to disclose the names of candidates for the preliminary stage of the electronic auction, which ensures maximum objectivity and transparency. The system guarantees a transaction in full accordance with Russian legislation.

procurement practices through the electronic bidding for the needs of governments and major companies are widely distributed in European countries and over time become the main form of public order in Russia.

In the process of purchasing through our electronic trading platform clients - commercial organizations seeking to reduce prices on most items running at least 10-30%. In some cases, the cost of purchased goods and services are reduced even more, - said Felix Kordysh, Director General of JSC Sberbank-ACT.

annually on procurement of goods and services to federal entities, ministries and agencies are spending a few trillion rubles. Recently, the Federal law was amended to provide government organizations the opportunity to purchase goods and services for their needs through electronic auctions in July this year. Order pavitelstva the Russian Federation from June 1, 2009 № 755-r JSC Sberbank-ACT is defined an operator for an open auction in electronic form.

Changes in legislation have enabled public entities to place an order, eliminating the previous limitation of 1 million rubles. in one auction. Now the cost of procurement is not limited. In addition, through the introduction of digital signatures completely removed a paper workflow.

By the end of the year, participants will be able to use the electronic bidding system that in all regions of the country. Potential suppliers will be able to obtain digital signature for the work in the system directly to the offices of Sberbank. By the end of the year, Bank-ACT will be able to conduct up to 1000 e-tendering for the needs of ministries and departments. Suppliers of goods, works and services can be any company.
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