Thursday November 27, 2014 Search
Weather | Athens
14o C
8o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Rail operator saves over 4 million with electronic tenders

Fixed-track operator STASY saved more than 4 million euros in 2013 by using online tenders for simple supply and services projects and encouraging bidding wars, data seen by Kathimerini has suggested.

The fact that STASY has been able to complete a number of projects at prices that are significantly lower than it would have paid in the past reveals that suppliers were regularly overpricing their products and services when responding to time-consuming paper tenders restricting competition.

One example is the replacement and maintenance of fire extinguishers on the Athens metro and ISAP electric railway.

STASY put the maximum price of the tender at 50,000 euros based on what it had paid previously for the same service. Two of the companies that entered a bid had dome similar work for STASY before and proposed a price very near the maximum threshhold. A fourth company, however, entered the fray by offering a price that was half of that budgeted, and clinched the deal.

Improving the tender process has contributed to the overall good performance of STASY last year, the figures show, as the company posted a surplus of over 5.5 million euros, not including state subsidies, in 2013. Initial forecasts had been for a deficit in 2013 of 18.8 million euros.

ekathimerini.com , Thursday March 6, 2014 (10:00)  
Independent Greeks MP to be questioned over bribery claims
Greece paralyzed by major strike, flights cancelled
Chief suspect in Piraeus bar shooting arrested
Greece scrambles to find food, shelter for 700 migrants on crippled ship
Bourse index recovered on Wednesday
Unimpressed by news of the inconclusive talks between Athens and its creditors in Paris, investors secured fresh gains for local stocks on Wednesday, focusing on banks and other selected blu...
EU finds seed money for investment plan to unlock EIB funds
The European Commission proposed a 315 billion-euro ($394 billion) investment plan based on guarantees and a small amount of seed money in order to offer European Investment Bank funds to a ...
Inside Business
SOCCER
Atletico drubs Olympiakos 4-0, leaving Reds with slim chances of CL qualification
Atletico Madrid avenged its 3-2 defeat in Piraeus in September with a 4-0 win over Olympiakos on Wednesday, meaning the Greek champion only has mathematical hopes left for a spot in the next...
SOCCER
Atletico eyes last 16 berth against Olympiakos
Greek champion Olympiakos faces a tough task if it is to prevent last season's beaten finalist Atletico Madrid sealing its passage into the last 16 of the Champions League at the Vicente Cal...
Inside Sports
COMMENTARY
Scraping together the 180 MPs will not be enough
Even if the coalition government was to scrape together the 180-MP majority it needs to elect a new President in the 300-seat House, skeptics say, what will change really? There is one evide...
EDITORIAL
Taking back whats stolen
A large group of public prosecutors and state officials (coming from various departments) have been working on major corruption cases. Of course it is their duty to do so, yet their actions ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Independent Greeks MP to be questioned over bribery claims
2. Greece paralyzed by major strike, flights cancelled
3. Chief suspect in Piraeus bar shooting arrested
4. Bourse index recovered on Wednesday
5. Greece scrambles to find food, shelter for 700 migrants on crippled ship
6. Greek diplomat dies in fall under Thai train
more news
Today
This Week
1. Troika talks to continue after failure to wrap up negotiations in Paris
2. Greece scrambles to find food, shelter for 700 migrants on crippled ship
3. Chief suspect in Piraeus bar shooting arrested
4. Greek diplomat dies in fall under Thai train
5. Bourse index recovered on Wednesday
6. Greek, German, Portuguese, Spanish debt to benefit most from ECB QE - ABN Amro
Today
This Week
1. Give Greece a chance
2. Biden heads to Istanbul amid tension over Cyprus EEZ violation
3. Scientists expand excavation of ancient Amphipolis
4. Extremism from a bygone era
5. Piraeus nightclub shooting leaves 3 seriously injured
6. Coscos Greek unit adds multinational rail-freight client
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.