A California State University Saves 32% on Their 1st eBridge Reverse Auction

Wednesday, December 14, 2011

A California State University Saves 32% on Their 1st eBridge Reverse Auction

A California State University, partnered with eBridge to procure their BetaLED Parking and Area Lighting. The event lasted for 41 minutes, with 8 participating suppliers. There were 223 bids placed with 8 first place turnovers, allowing for a competitive bid. The spread between 1st and 2nd place was 3.72%. The university saved 32% on their first budget value, with their first reverse auction with eBridge.