Public purchasing is a significant expenditure across Europe, annually accounting for €3 trillion or up to 18% of European GDP. Intelligent purchasing by all levels of government can leverage this expenditure to stimulate innovation in the private market, improving the efficiency and reducing the costs of their services. Such public procurement supports the European Commission’s Single Market Strategy by promoting competition and trade, increasing efficiency and quality, and promoting price reduction.
Vtrek | Empowering procurement economics
Vtrek is an economic consultancy firm in the Netherlands offering expert services to help contracting authorities across Europe to buy innovation. We pilot the business case methodology first presented under the European Assistance for Innovation Procurement (EAFIP) project, and further the methodology with input from practical experience and academic research. This assists project managers and procurers in designing, conducting, and learning from their purchases, for better results and higher returns across the procurement life cycle.
We focus on stimulating a mindset shift to strategic analysis for our customers that goes beyond compliance, for larger demand-side impacts. With a goal to be the best-in-class in economic procurement services, we build expertise through strong network ties with universities, research organizations, legal consultancies, and technology partners. This means that our advice and solutions are grounded in academic excellence and backed by legal advice. Our approach is outcome-driven, where cost savings and service efficiency translate to intensified market impacts in innovation and sustainability.
Vtrek was founded in 2017 to meet a demonstrated need of public purchasers to create value in their purchasing. We are a network organization uniquely advantaged by our strong relationships with economic and legal-oriented partners. Our mission is to stimulate a mindset shift to strategic analysis for our customers that goes beyond compliance with regulation. Our goal is to be the “best in class” in economic procurement services for demand-side business case development.
We help procurers design, conduct, and learn from their public procurements for better results and higher returns. Taking a systems perspective, we identify opportunities to create or enhance value along the procurement life cycle, determine the best ways to accomplish this, and provide recommendations for implementation. Our approach is outcome-driven, where cost savings and service efficiency translate to intensified market impacts in innovation and sustainability.
Customers of Vtrek are public agencies at all levels (central, provincial, and municipal) who want to comply with new regulations, save money and create greater impact from their purchasing. Our assistance is tailored to the needs of the client according to their goals and challenges along different phases of the procurement life cycle.
Areas that we specialize in are high technology and ICT – from Pre-commercial Procurement (PCP), to the Public Procurement of Innovative Solutions (PPI), and innovation partnerships. Our integrated analyses can also support green public procurement measures through life-cycle costing that includes relevant environmental and social costs. Taken together, our services can measurably enhance innovation and sustainability in public services and in the private market.