eBridge Procurement hosted a reverse auction for a state government bid for foundation stabilization with high density polyurethane foam. 4 vendors participated in the bid for six line items resulting in over 110+ lowering bids. eBridge continues to expand the use of reverse auction services in state governments across the United States. 

Conflict Monitors

• 4 Vendors
• 116 Lowering Bids
• 36 First Place Turnovers
• Lowest Spread between 1st - 2nd Place was 0.09%

This reverse auction lasted 51 minutes allowing the state government competitive pricing across all line items involved. As a result, the state was able to find current market pricing for their conflict monitors bid. 

Since the state ran their bid using reverse auction, the variance between the 1st and 2nd place vendor bids 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.