eBridge hosted a reverse auction for a state government. Three vendors participated in the bid for 6 line items. The vendor activity resulted in over 100+ lowering bids. eBridge continues to be the leader in reverse auction services for state governments.
Steel Strain Poles
- 3 Vendors
- 107 Lowering Bids
- 27 First Place Turnovers
- Lowest Spread between 1st - 2nd Place was 0.90%
This reverse auction lasted 36 minutes allowing the state government competitive pricing across all line items involved. As a result, the state was able to find current market pricing on their steel strain poles.
Since the state ran their bid using reverse auction, their lowest bid variance between their 1st and 2nd place vendor was 0.90%.
eBridge will continue to expand the use of reverse auction at the state government level in the United States.
If you would like to view more reverse auction success at the state government level, click here to view our state contracts for reverse auction services.