SINGAPORE : The March 2005 COE open bidding exercises have been
rescheduled and shortened from three to two days.
The first exercise will be held from March 14 to 15, and the second
exercise will be held from March 28 to 29.
The Land Transport Authority said during the February 2005 open
bidding exercises, a few customers had reported that their bids
submitted through the banks' Intranet channels during the last hour
of bidding were rejected.
This was despite their bids being higher than the prevailing COE
price.
Arising from this feedback, the LTA, Stratech Systems Ltd and the
banks are closely investigating this matter.
As part of the investigation, a comprehensive range of tests on the
system will be conducted.
To allow more time to run these tests, they have decided to
reschedule the March 2005 open bidding exercises.
Stratech Systems designs, develops, as well as operates and
maintains the Open Bidding System on LTA's behalf. - CNA