eBridge hosted another reverse auction for a water works department in the state of Indiana. During the event, 5 vendors bid on 3 water treatment chemicals. The heightened vendor activity resulted in over 100+ lowering bids allowing the city to find current market pricing. eBridge continues to be the market leader for water treatment chemical reverse auctions in the United States.
Anhydrous Ammonia, Hydrofluosilicic Acid, and Liquid Chlorine
- 5 Vendors
- 106 Lowering Bids
- 40 First Place Turnovers
- Lowest Spread between 1st - 2nd Place was 0.98%
The water treatment chemicals involved in this reverse auction included: Anhydrous Ammonia, Hydrofluosilicic Acid, and Liquid Chlorine.
The reverse auction lasted for 25 minutes. As a result, the City's Water Works Department received chemical bids as close to current market pricing as possible. The lowest spread between a 1st and 2nd place vendors was 0.98%.
eBridge continues to partner with public procurement entities in the United States to find market pricing for water treatment chemicals.
If you would like to learn more about what reverse auctions are, or how they can improve your public purchasing process, click here to view out 3 minute demo.