A large hospital system in Ohio partnered with BidBridge to establish a for a contract to renovate the Hospital’s surgical center. The 9 participating suppliers placed a total of 438 competitive bids resulting in 314 time extensions. The supplier competition and interest caused the bid to last for 6 hours, the longest in BidBridge’s history!
Even though there were only 2 first place turnovers during the course of the event, the first and second place suppliers were separated by only .15% and the lowest bid at the conclusion of the event demonstrated 7.14% savings versus budget. Additionally, the first through fourth place suppliers were only separated by .31%. Based on such close competition between the top 4 suppliers, the hospital can be assured that the pricing they received demonstrates true market value and the Hospital has the flexibility to award to multiple qualified suppliers.