In their 6^th event, The City of Lakeland, FL used eBridge’s reverse auction services to procure their annual supply of Portland Cement. The 3 participating supplier placed 23 bids, with 5 first place turnovers and 8 time extensions. The competitive event led to a true market value of 0.01%, and a 14.5% saving on their budgeted value. The City of Lakeland, FL was pleased with the results, and it will quickly go to award.