Wannabe trend, not gonnabe – electronic auctions of parcels of work

It all sounds so surgical and chic, this e-neat business of using the internet to trawl for the low-cost firm. . GE gave the technique cachet (Financial Times, May 12, 2005 at 9). Dutch auctions, they are called, where bids go lower and lower. But, somewhere the dikes gave way.

A gaggle of companies sprang up to meet the much-touted need, but the actual consuming market, the law departments of this land, didn’t see it to their advantage to post work on bulletin boards and receive bids electronically. The e-billing trendlet washed out to sea.

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