Sixteen London councils made major savings in a raft of business deals through the latest IT e-auction. In total, 47 organisations took part last week, joining forces to save more than £10.5m in IT equipment. Hardware worth almost £49m was on offer in the e-auction, and was sold for £38.5m. The auction was run by the Office of Government Commerce's (OGC) Markets and Collaborative Procurement ICT team, with London's Regional Improvement and Efficiency Partnership – Capital Ambition, and PA Consulting. Capital Ambition board member and Enfield LBC chief executive, Rob Leak, said: ‘We are delighted with the results. It gives us a tangible, cashable saving and proves that collaborative working delivers results.' Around 400 organisations have taken part in the nine IT hardware e-auctions so far. OGC's e-auction manager Chris Chettle said: ‘The e-auction shows just what can be achieved by combining buying power and engaging with suppliers. These organisations have shown that by cutting unnecessary costs, it is possible to make significant savings that can be ploughed back into services.'