eBridge’s Reverse Auction Produces Savings on Kentucky and Indiana Annual Road Salt Purchases

Friday, April 27, 2012

eBridge’s Reverse Auction Produces Savings on Kentucky and Indiana Annual Road Salt Purchases

eBridge has run many successful reverse auctions for several government agencies in Indiana and Kentucky.    Achieving significant savings on their past 3 road salt bids, last week a KY agency again partnered with eBridge for their 4th consecutive road salt reverse auction.   During this 15 minute auction, 5 suppliers placed 84 bids resulting in 4 first-place turnovers.  The spread between 1st and 2nd place was 0.13%.   Also, this week an Indiana government agency partnered with eBridge on their 5th consecutive road salt reverse auction.  4 suppliers placed 65 bids resulting in 8 first-place turnovers during this 15 minute auction.  The spread between 1st and 2nd place was 0.1%.   Based on the spreads between 1st and 2nd place, both agencies can be assured they have achieved true market value, as well as, proving that road salt bids are perfect candidates for the reverse auction.