eBridge hosted a reverse auction for a water treatment facility in the State of Kentucky. Seven vendors participated in the bid for 10 chemical line items resulting in over 480+ lowering bids. eBridge is continuing to expand the use of reverse auction for water treatment chemical purchases in the United States.
Water and Wastewater Treatment Chemicals
- 7 Vendors
- 486 Lowering Bids
- 111 First Place Turnovers
- Lowest Spread between 1st - 2nd Place was 0.10%
The water treatment chemicals in this reverse auction include:
Sulfur Dioxide, Granular HTH, HFS Acid, Anhydrous Ammonia, DelPac 2020, Caustic Soda, Salt, Sodium Permangante, Sodium Hypochlorite, and Liquid Ammonium Sulfate.
The length of this reverse auction was 1 hour and 23 minutes. The large number of bids represents the power of reverse auctions to help entities find current market pricing.
As a result, the smallest variance between a 1st and 2nd place vendor was 0.10%. We consider a reverse auction successful when this number is less than 2%.
eBridge is looking forward to running multiple reverse auctions for water treatment chemicals in 2025. If you would like to get a better idea on how reverse auctions can help you control costs on commodities and services, click here to leave a message for our sales team.