eBridge hosted a reverse auction for a water treatment facility in the State of New Jersey. Six vendors participated in the bid for 4 water treatment chemicals. The increased vendor activity resulted in over 500+ lowering bids. eBridge continues to be the leader in reverse auction services for water treatment facilities.
Water & Wastewater Treatment Chemicals
- 6 Vendors
- 508 Lowering Bids
- 230 First Place Turnovers
- Lowest Spread between 1st - 2nd Place was 0.10%
The water treatment chemicals involved in this reverse auction included: Polymer, Sodium Hypochlorite, Corrosion Inhibitor, and Chloride.
The Reverse Auction lasted for 1 hour and 50 minutes which allowed the Utilities Authority to receive bids as close to current market pricing as possible. The lowest spread between a 1st and 2nd place vendors was 0.10%.
eBridge is continuing to build relationships with Utilities Authorities and Water Treatment facilities across the United States.
If you would like to learn what a reverse auction is, and how it can help your procurement process, click here to view our 3-minute Reverse Auction Demo.