3 RAs recently through your Online buyjunction Platform
As you may be aware, we have done 3 RAs recently through your Online buyjunction Platform with High Alumina Castable – 50%,...

Mr. V.S. Hegde
Dy. Gen Manager I/c(MM, C&IT) - SAIL VISP

As you may be aware, we have done 3 RAs recently through your Online buyjunction Platform with High Alumina Castable – 50%, 95% and Laddle Nozzle Filling Compound being the items of procurement.

RA event for High Alumina Castable – 50% conducted on 13.7.2012 had 5 Bidders in active participation. VISL Start Bid Price based on online Sealed Bids was RS 15,200/- and due to your team’s follow-up with bidders, the final price derived in the RA was Rs. 12,000/- A total of 64 bids were received during the event. Savings for VISL against this Item has been around 30.2% of its Estimated Value.

RA event for High Alumina Castable – 95% conducted on 14.08.2012 had 6 Bidders in active participation. VISL Start Bid Price based on Online Sealed Bids was Rs. 62,000/- and due to your team’s follow-up with bidders, the final price derived in the RA was Rs. 55,000/- A total of 66 bids were received during the event. Savings for VISL against this Item has been around 7.4% of its Estimated Value.

Laddle Nozzle Filling Compound conducted on 25.07.2012 had 7 Bidders in active Participation. VISL Start Bid price based on Online Sealed Bids was Rs 31, 500/- and due to your team’s follow-up with bidders, the final price derived in the RA was Rs 22,200/- . A total of 65 bids were received during the event. Savings for VISL against this item has been around 29.1% of its estimated value.

We are delighted to appreciate all the people who were involved in making both these events successful at MJ Chennai for their timely suggestion with regard to Start Bid Price and Bidding strategy.