eBridge Procurement hosted a reverse auction for a school district in the state of Texas. 16 vendors participated in the reverse auction which resulted in over 625+ lowering bids. The high vendor activity allowed the school district to recognize a 0.04% difference between the 1st and 2nd place vendors' bid totals.

Statistics from the Gasoline, Diesel, & Propane Fuel Reverse Auction: 

• 16 Vendors 
• 626 Lowering Bids 
• 80 First Place Turnovers 

This reverse auction lasted for 5 hours and 28 minutes, allowing the school district to receive competitive pricing on their line items. The statistics from the bidding event show reverse auctions are the best way for school districts to find current market pricing for their commodity and services purchasing process. 

eBridge continues to expand and be the leading provider for reverse auction services for school districts in the United States. 

If you are interested in learning more about our public procurement reverse auction tool, you can reach out to our President by clicking this link here.