In-Depth: Low Bid to Italian Agency’s Open-Loop Tender Came in Well Below Estimates

The Venetian agency’s “unique” procurement model has attracted interest elsewhere in Europe.

Story Label In-Depth by Dan Balaban Posted on March 14, 2023 (March 14, 2023) Posted in Open Loop Tagged AVM, Procurement models

Claudiodivizia

Article Highlights

Key Takeaway:

Venetian transit agency AVM’s “unique” procurement model yielded surprising bid results and has attracted interest elsewhere in Europe.

Key Data:

• Chart: Agency estimate vs. actual bids

• Table: Ranking of three vendors’ bids

Organizations Mentioned:

• AVM
• Conduent
• Visa
• Pluservice
• Elavon
• Nexi

After the pandemic, AVM, the Italian public transit agency that runs buses, trams, water buses and shuttles in Venice, Italy, wanted a low-cost, low-risk way to introduce open-loop payments to riders in the tourist mecca.

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