eBridge hosted two separate reverse auctions for the University’s three (3) year contracts for Copy Paper and Ink & Toner purchases.    Eight (8) suppliers competed for 67 minutes on the Ink & Toner, placing 71 bids while Seven (7) suppliers competed for the copy paper placing  53 bids during the 43 minute auction.  The high-low spread for both auctions came in under 2% —- again reflecting true market value.  Together, both auctions will save the University $1.2 million or 16% over the three (3) year contract periods.