eBridge Procurement hosted a reverse auction for a school district in the state of Florida. 9 vendors participated in the reverse auction which allowed the school district to receive over 360+ lowering bids. The heightened vendor activity allowed the school district to recognize a difference of 0.040% between the first and second place vendors. 

Statistics from the Gasoline & Diesel Reverse Auction: 

• 9 Vendors
• 364 Lowering Bids 
• 37 First Place Turnovers 

This reverse auction lasted for 44 minutes, allowing the school district to receive competitive pricing on their line items. The statistics from the bidding event show reverse auctions are the best way for school districts to find current market pricing for their commodity and services purchasing process. 

eBridge has found success helping school districts find market pricing for large annual fuel bids across the United States.

If you are interested in learning more about our public procurement reverse auction tool, you can reach out to our President by clicking this link here.