e-Procurement has secured demonstrable and significant benefits by way of cost and time savings to the government, brought transparency and empowered the small & medium suppliers. The path breaking initiative has proved that transparency, fairness and equal opportunity to private entrepreneurs who bid for Govt. contracts, sell products or expertise to Govt. agencies will not only result in healthy competition, significant contribution to the economy but also makes significant social impact as a citizen assurance on transparent utilization of public funds. As a matter of fact the successful implementation of this initiative by the state of Andhra Pradesh has motivated the Government of India and several other state Governments have to embark on e-Procurement initiatives.
Some of the important benefits accrued are
i) Significant cost savings in print media advertisement cost due to abridged tender notices;
ii) Elimination of supplier Cartels, Syndicates due to remote bidding;
iii) Empowerment of small & medium bidders as the entire content and bid submission is online;
iv) Significant reduction in tender process time from 4 months to 35 days due to automatic work flows;
v) Improved Institutional memory due to storage of electronic records etc.,
The platform is extensively used for procurement works by Irrigation Department, Roads and Buildings, Tribal Welfare Engineering Department, Panchayat Raj Engineering Departments, AP Police Housing Corporation, Public Health Engineering Department, HMWS&SB. As on to day 223 organizations are utilizing the e-Procurement system and have completed 2,31,766 tenders with a value of Rs.3,21,236 crores.