Construction industry e-commerce company Cephren Inc. launched its Cephren MarketNet
site for buying and selling construction materials and equipment.
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The first of several MarketNet products, the bidding service facilitates
e-commerce transactions between contractors and construction materials
distributors in a virtual online trading community.
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Cephren said that MarketNet is currently limited to a select group of charter
customers who are conducting transactions online and assisting the company in
enhancing the operation. This charter group represents more than $1.5 billion
in
potential purchases annually and includes Mass Electric Construction Co., E-J
Electric Co., J. A. Penney Co., Liberty-Wesco, Fischbach & Moore LLC,
DualStar Technologies, Forest Electric (EMCOR), Midwest Mechanical of New
Jersey, and Watsco.
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"Launching MarketNet's bidding service is a major step toward our goal of
becoming the standard in Web-based procurement for the construction
industry," said Timothy S. Perini, vice president of business development and
marketing at Cephren.
"Our charter e-commerce customers can get better
pricing from vendors and eliminate time-consuming paperwork while suppliers
and distributors can increase the number of bids they respond to, thereby
adding to their revenues and expanding market reach."
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MarketNet saves time by allowing multiple RFQs to be sent out at once,
electronically, rather than one-by-one over the fax machine.
Cephren also operates integrated, online collaboration and e-commerce
services called ProjectNet and PrintNet.
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Construction Materials Marketplace Launched 
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