August 7, 2001 TestMart (www.testmart.com) has been awarded a five-year contract, which the company estimates to be worth $600 million, by the Department of Defense Naval Inventory and Control Point (NAVICP). Under terms of the agreement, TestMart will develop and operate a private e-commerce marketplace for the General Purpose Electronic Test Equipment (GPETE) division. The NAVICP's primary mission is to procure, manage, and supply spare parts for Naval aircraft, submarines, and ships worldwide.
TestMart says the new marketplace will feature a variety of high-demand products from more than 30 suppliers, including Agilent, Fluke, and Tektronix. Authorized military personnel, government users, and government contractors will be able to locate products, view specification and application data, order equipment, and track purchases against the NAVICP and TestMart product catalogs.
"The contract represents another milestone in the goal of automating research and procurement for all military, government, and government-contracting personnel," said Tom Mullin, GPETE program manager. "The award also represents another significant performance-based logistics achievement for NAVICP."
"Our partnership with NAVICP proves the concept that private electronic marketplaces can help an organization save costs and time on procurement of test equipment," said TestMart's CEO Peter Ostrow.
