eBridge Procurement hosted a reverse auction event for Anhydrous Ammonia, Hydrofluorosilicic Acid, & Liquid Chlorine in the state of Indiana. 5 vendors participated in the reverse auction. As a result of the heightened competition, vendors placed over 140+ lowering bids. eBridge continues to spread the use of reverse auction for water utilities across the United States.
Anhydrous Ammonia, Hydrofluorosilicic Acid, & Liquid Chlorine Reverse Auction Bid Results
- 5 Vendors
- 147 Lowering Bids
- 32 First Place Turnovers
- Lowest Spread between 1st - 2nd Place Vendors was 0.09%
The water treatment chemical involved in this reverse auction event included anhydrous ammonia, hydrofluorosilic acid, and liquid chlorine.
This reverse auction event lasted for 17 minutes, which allowed the city's water utility to receive competitive bids for all line items. Because of the heightened vendor competition, the first-place vendor changed 32 times during the live bidding.
Reverse auction bidding events are the only way for water utilities to achieve this level of vendor competition. No other bid format creates this competitive of a bid environment
eBridge continues to spread the use of reverse auction in public procurement entities across the United States. If you would like to see other reverse auction results for water treatment chemicals, please click here.