eBridge hosted a grounds maintenance services reverse auction for a state government. Four vendors participated by bidding on 3 line items. The increased vendor activity resulted in over 330+ lowering bids. eBridge continues to be the leader in reverse auction services for state governments.
Grounds Maintenance
- 4 Vendors
- 332 Lowering Bids
- 78 First Place Turnovers
- Lowest Spread between 1st - 2nd Place was 0.12%
This reverse auction bid ran for 1 hour and 7 minutes. During the event, vendors placed over 330+ lowering bids. Reverse Auction is the only bid setting where entities can watch the bids they receive decrease during the bidding process. In this case, the smallest variance between the 1st and 2nd place vendors was 0.12%.
eBridge continues to work with multiple state governments, and all types of municipalities in the United States to spread the use of reverse auction. We are always looking to find ways to work with your current purchasing process, and improve your ability to find current market pricing.
If you would like to learn how eBridge helps state governments with their purchasing process, click here to learn more about our contracts with state governments.