Emirates ID becomes first UAE Federal entity to organise live online competitive bid for supplies

The Emirates Identity Authority has, in the first of its kind in a federal government entity, organised a live online competitive bidding event for the supply of some electronic equipment.
Organised in cooperation with the company Tejari, the open bid resulted in Emirates ID saving Dh1.5 million, which is 19 percent of the total value of the bid, according to Misbah Al Mismari, Executive Director of Corporate Services and Musanada at the Emirates ID. "Equally important is the high level of transparency that marks these kind of bids, as compared to conventional practices of closed tenders. This was in line with the Authority's commitment to the principles of financial prudence and efficiency," he said.
"The bid allowed the participants to directly quote competitively their offering prices without the need for negotiations and protracted meetings separately with each of them, saving valuable amount of time and efforts as well. Participation in the bid was governed by a few pre-conditions, such as sticking to the prices quoted in the bid, which lasted 37 minutes. The reduction of about 0.05% of the initial price was fixed for every time the bidding company quotes a new price during the bid," he explained.
Suhail Al Banna, Chairman of Tejari, said his company was committed to supporting the Emirates ID as a strategic partner with a view to enable it to achieve its objectives of developing its procurement practices in a competitive, smart and transparent environment.