Colliers International
Colliers International online auction of Nuclear Power facilities raises £487million
In December 2008 the UK’s Nuclear Decommissioning Authority (NDA)
and EDF Group awarded a project for the disposal of land on
three NDA sites at Wylfa, Oldbury and Bradwell to Colliers International.
The disposal process was to be performed using an internet based property auction to
pre-qualified bidders, and was required to allow complexities such as deferred bidding,
time-out windows and split payment.
Problem
Colliers International needed an on-line auction system, and an
off-the-shelf software package would not likely
offer the specialist features that were required by
their client in this disposal process.
Development of an in-house application was not possible due
to a lack of specialist experience and shortage of time and
resource.
The project involved close relationships with several worldwide
governments, had been in planning for several years, and had
received wide press coverage. As such the project needed to be
delivered on-time, and without fault.
The seriousness was compounded by the fact that delivery of
a live auction was scheduled for only three months after
the award of the project to Colliers International.
Solution
Colliers International were using the Evolvin Agency System throughout
the company which included the Auctions department.
This software already allowed the management and marketing of
property by the Auctions team and provided these details to a
public facing website, also developed by Evolvin.
Evolvin have specialised knowledge of the property sector,
a firm understanding of the Auctions process, and a
professional team who were capable of delivering the
complexities of the required system, on-time, and to
the required budget.
It was therefore decided that collaboration between Colliers
International and Evolvin to extend the facilities of the existing
Agency System and website with additional functionality
as required would be the most beneficial approach.
Benefit
The online auction ran on the expected date, and received
wide press coverage for the UK Government,
Colliers International and Evolvin alike.
The auction raised a total of £487million, and was hailed
as being the pre-cursor of the way such auctions would be
run in the future.