E&I Procurex Contract

Procurex

Please note that while E&I’s current Procurex contract expires on 11/30/20, a new contract has already been negotiated and signed. The new contract will become effective on 12/1/20 with a one year term, effective 12/1/2020 through 11/30/2021, with two (2) one (1) year renewals..

  • Help identifying suitable purchase items or categories, guidance in developing specifications, recommendations on strategy, and other input as needed
  • An easy-to-use, web-based tool that provides access to all pertinent terms and conditions, detailed specifications and other necessary elements of the competitive auction process
  • Three flexible models to conduct a bidding event:
    • E&I Scheduled – Fixed schedule of national and regional reverse auction events fully-managed by E&I and Procurex through all phases of the process. With member input, an annual calendar of potential commodity or service targets will be developed and posted online.
    • Institutional Self-Managed – Self -managed model allowing E&I Members to play an active role in the management of their own reverse auction events. You can host an unlimited number of self-managed events across a 12 month period with an annual subscription fee.
    • Institutional E&I Managed – A fully managed single reverse auction event program that is paid for by suppliers. This means, there are no direct fees payable by the participating institution. Simply identify a category for reverse auction bidding and allow Procurex to manage the process and save you money.

Watch: The 6 Myths of Modern Reverse Auctions in Procurement

E&I Procurex Contract

Getting Started

E&I members can begin using the contract immediately. See the Ordering Information section for details.