NY Real Estate Developer Uses Reverse Auctions to Reduce Natural Gas Costs
Erie, PA (PRWEB) January 23, 2008 -- A large real estate developer in New York saved 8% on its natural gas costs in a reverse auction powered by eDynaQuote and managed by Luthin Associates. The savings are for this calendar year and were realized using eDynaQuote's proprietary reverse auction software (http://www.edynaquote.com/_theme/b4bnet/Pages/SourcingServices.aspx), which enabled this real estate developer to procure natural gas in a highly competitive bid process. Luthin Associates Inc., of Avon, New Jersey, was hired as the developer's energy management consultant for the bid. This proves once again that eDynaQuote's reverse auction platform can be used successfully for competitive energy bids.
Within 90 minutes, this auction received 45 bids that were issued by three different energy suppliers. This highly competitive bid process was made possible by the ease of use of the eDynaQuote reverse auction platform, the energy management expertise of Luthin Associates, and the developer's forward thinking attitude to use a powerful technology solution to ensure competitiveness in their procurement process.
Using the eDynaQuote platform, the process is streamlined and allows for continuous bidding until all of the suppliers provide their lowest bid. Before the process begins, the energy consultant, customer and suppliers, agree on contract terms and conditions. Before the auction begins, the bid documents are available to all suppliers online in eDynaQuote, so bidders have easy access to the most up-to-date specifications that they needed to formulate a bid. And instead of submitting sealed bids via phone, fax, email or paper, they simply register with eDynaQuote and sign in to the secure site on the announced day and time of the auction to place their bids. Once a bid is placed the suppliers can see where they rank allowing them to alter their bids immediately if they choose.
"This is another fantastic example of how working with our strategic partners can be beneficial for our mutual clients," said Bret Grady, CEO of eDynaQuote.
Visit http://www.edynaquote.com or email info(at)edynaquote.com for additional information.
###
Related Articles:
Take A Golf Holiday Tour For Enjoyment And Exercise
If golf is one of your favorite pastimes and you cannot think of a better way to spend a holiday than traveling to a beautiful resort and playing golf, then a golf holiday would be perfect for you. Those who like to keep active on their vacation as well as take in the sights and sounds of their surroundings while away from home will embrace a golf holiday since you are able to fit physical exercise into your vacation while enjoying the weather outside with all the surrounding landscape views and local nightlife of the resort.
The Listing Agents Role in Selling Your California Home
Advertising to the "Public"Every home seller likes to be assured that their listing agent and or their real estate company will run ads featuring their home. Newspaper ads range from color photo ads to lots of listings reflected on a page with primarily only copy.
KIA Thunder Run, Military-Vehicle Show, and Swap Meet Will Take Place in Northern California on Saturday
The free event in the north Monterey Bay Area will have an hour and a half ceremony at midday to honor our nation's killed in action and others who died while serving. The military-vehicle show and swap meet will begin at 9AM and end at 6PM on Saturday, September 1, 2007, Labor Day Weekend.
TheAgentMarketingTool Is A Leading Provider of Agent to Agent Real Estate Marketing
TheAgentMarketingTool.com has created a cost effective way for Real Estate Professionals to market their listings to other agents. Called Listing Flyers, the service offers agents immediate and massive exposure for their listings by targeting other agents in their local market or nationwide.
AssetPulse Completes RFID Pilot for Tracking Construction Equipment at New California Academy of Sciences Natural History Museum Construction Site in
Active RFID Technology and AssetGather Software for RFID-Enabled Asset Tracking, deployed to keep track of high-value rented equipment on-site - including a 150 foot tall Tower Crane
Colorado House Finders Launches ?One-Stop? Real Estate Online Experience
Premier online resource touts broad, bundled services for Colorado real estate transactions.
Take Off With Golf Packages at the Orlando Airport Marriott
Take advantage of the Orlando Airport Marriott Hotel's fine Orlando golf vacation options with two new package offerings.
100% Single Loan Financing with No Mortgage Insurance, Now Available to Real Estate Investors
100 percent single-loan financing with no mortgage insurance is now available to real estate investors.
Taking A Vacation To The Florida Keys With Your Family Is Fun
If you are looking for some of the most beautiful and enjoyable spots in the world, you must cast your net to Florida Keys. This exotic location stretches from the South of the mainland, and in reality Florida Keys is a chain of many enchanting Islands.
Solar Night to Showcase Solar Synapse™ at Green Builders Event Hosted By Private Bank
Solar Night Industries (OTC: SLND.PK) announced its presence as exhibitor at this unique green builders event.