eBridge hosted a Steel Reverse Auction for a state government in April 2025. 4 vendors participated in the reverse auction for 2 line items resulting in 73 lowering bids. eBridge continues to host reverse auctions for state governments to find their purchasing departments current market pricing.
Steel H-Piles (30 ft length)
- 4 Vendors
- 73 Lowering Bids
- 12 First Place Turnovers
- Lowest Spread between 1st - 2nd Place was 0.25%
The reverse auction lasted for 35 minutes. As a result, vendors lowered their bid amounts to help control costs for the state government. When the bid concluded, the total bid amount variance between the 1st and 2nd place vendors was 0.25%.
eBridge is continuing to provide reverse auction services for state governments buying commodities and services.
If you would like to learn more on the impact of eBridge Reverse Auctions working for state governments, click here to view information about our current contracts with state purchasing departments.