Federal Bureau of Prisons Saves Half a Million with eBridge

The Federal Bureau of Prisons saved $484,000 on a roofing project using eBridge’s reverse auction services. The 15% savings on budget came from a competitive auction among 4 participating suppliers. There were a total of 129 bids with 101 extensions before the final close. In the end the 16 first place turnovers lead to a spread of only 0.0041% between first and second place, showing that the Bureau achieved true market value.