eBridge hosted a reverse auction for water treatment chemicals for a water utility provider in the state of Pennsylvania. 11 vendors participated in the reverse auction, resulting in over 380+ lowering bids. eBridge continues to be the leader in reverse auction services for public entities buying bulk water & wastewater treatment chemicals.
Water and Wastewater Treatment Chemicals
- 11 Vendors
- 384 Lowering Bids
- 118 First Place Turnovers
- Lowest Spread between 1st - 2nd Place was 0.08%
The chemicals involved in the reverse auction included: Cationic Polymer, Ferric Chloride, Hydrofluorosilicic Acid, Lime Slurry, Soda Ash, Sodium Permanganate.
The reverse auction event lasted 47 minutes allowing the city to receive the most competitive bid pricing possible across all line items. The water utility saw a 0.08% difference between the 1st place and 2nd place vendor's bids.
Because of the heightened vendor competition, there were 118 first-place takeovers in the reverse auction event. Meaning the 1st and 2nd place vendors changed 118 times in 47 minutes!
Reverse auction bidding events are the only way for water utilities to achieve this level of vendor competition. 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.