eBridge Procurement hosted a reverse auction event in the state of Kentucky for Water Treatment Chemicals. 4 vendors participated, resulting in over 250+ lowering bids. eBridge continues to be the leader in creating competitive bidding environments using reverse auctions.
Water Treatment Chemicals Reverse Auction Bid Results
- 4 Vendors
- 257 Lowering Bids
- 21 First Place Turnovers
- Lowest Spread between 1st - 2nd Place Vendors was 0.11%
The chemicals involved in the reverse auction event included: Sulfur Dioxide, Granular HTH, HFS Acid, DelPac 2020, Caustic Soda, Sodium Permanganate, Sodium Hypochlorite, Liquid Ammonium Sulfate, and Chlorine.
This reverse auction event lasted for 34 minutes, which allowed the city's water utility to receive competitive bids for all 9 chemical line items. Because of the heightened vendor competition, the first-place vendor changed 21 times during the live bidding.
Reverse auction bidding events are the best way for water utilities to achieve this level of vendor competition. eBridge is continuing to expand the use of reverse auction in public procurement across the United States.
If you would like to see other results we've brought to water utilities across the United States, please view previous case studies here.