eBridge saves West Coast City 29% versus budget through Reverse Auction Services

Wednesday, February 10, 2010

eBridge saves West Coast City 29% versus budget through Reverse Auction Services

This city partnered with eBridge for the purchase of 400 fuel operated coolant heaters, with specifications for 200, 300 GPH capacity and 200, 120 GPH capacity.

BidBridge sourced 35 suppliers for the bid, with six suppliers approved by the buyer to participate.  The 56 minute bidding event yielded 98 bids, 18 first place turn overs and 47 time extensions.

The competitive bid environment yielded 1.15% between first and second place suppliers, indicating true market value had been achieved for the city’s purchase.  The overall savings versus budget was 29.17%, presenting a compelling case for the city to award the bid.