Western US Resort Town Utilizes Reverse Auction for Construction Project

Monday, October 05, 2009

Western US Resort Town Utilizes Reverse Auction for Construction Project

In the town’s first event with eBridge, 3 suppliers competed in an effort to earn the contract for a slurry seal road project.

The 3 suppliers placed 35 bids over the course of the 58 minute event.  Contrast that with the paper process, in which the same 3 suppliers would have only placed a single bid each.

The result was 14 first place turnovers and 19% savings versus budget. Just as importantly, the first and second suppliers were separated by only 1.44% at the conclusion of the bid, ensuring the town that they had achieved true market value for this project.