☛ Want the latest procurement and supply chain news delivered straight to your inbox? Sign up for the Supply Management Daily
16 July 2014 | Gurjit Degun
The government is to sell Constructionline, the UK’s largest online construction supplier database.
It said that “commercial ownership” of the database will allow it to “grow and achieve its full potential, including offering new additional services for the benefit of businesses”.
Constructionline was launched by the government in 1998 to meet demand for a cost-effective and easy-to-use service for suppliers in the construction industry. The government said it removes the administrative burden of finding quality suppliers for thousands of public and private sector clients every year.
While it is owned by the Department for Business, Innovation and Skills it is currently operated by Capita under a concession agreement. BIS said it is inviting investors to submit their interest for purchasing the service.
A BIS spokesperson said: “Constructionline offers valuable services to the construction industry, particularly small and medium sized businesses. It has grown significantly under government ownership, and now is the time to enable it to expand further to meet the needs of a changing industry.
“Gaining access to private capital will enable Constructionline to become even more competitive and branch out into new markets. Bids will be welcomed from buyers who plan to grow the services provided by Constructionline.”
The details of the sale will be published in the Official Journal of the European Union; and BIS anticipates bids to be in by the end of the year.