OREANDA-NEWS. March 22, 2011. Federal Grid Company summarized the results of its procurement activities in 2010. All together about 2.5 thousand procurement activities in the total amount of about 400 billion rubles were carried out over the reporting period, out of which 72.5 % were carried out through open tenders exceeding the results of 2009 by 14 %. An economic effect in the amount of 41.6 billion rubles resulting from the maximum procurement price was obtained through these procurement activities. This amounted to 10% of the total procurement sum, which exceed the results of 2009 by 3 % and that of 2008 by 7 %. These monetary assets were allocated in addition for construction and upgrading of power facilities.

Over the last year it is possible to observe a positive growth dynamics in the average number of bidders taking part in the tenders carried out by Federal Grid Company, which proves an increase in the company’s openness and transparency as well as an increase in the contractors’ and suppliers’ confidence towards Federal Grid Company. In 2009 an average number of bidders per one procurement tender was 3.22 bidders, in 2010 we had 4.51 bidders, an increase by 40 %.

Also in 2010 a time required for procurement activities was reduced in comparison with 2009 without reducing the time of information placement in the mass media for preparation of tender applications by tender bidders. On average this was reduced from 87 to 64 days.