eBridge hosted a reverse auction event in the state of Indiana for Liquid Aluminum Sulfate and Zinc Orthophosphate. 4 vendors participated in the reverse auction, resulting in over 150+ lowering bids. eBridge continues to create competitive bid environments for water utilities across the United States.
Liquid Aluminum Sulfate and Zinc Orthophosphate Bid Results
- 4 Vendors
- 155 Lowering Bids
- 43 First Place Turnovers
- Lowest Spread between 1st - 2nd Place Vendors was 0.13%
This reverse auction event lasted for 42 minutes, which allowed the city to receive competitive bids for both line items. Because of the heightened vendor competition, the first-place vendor changed 43 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 is continuing to expand the use of reverse auction in public procurement across the United States. If you would like to see other results we've brought to water utilities across the United States, please view previous results here.