Recently a Water authority in Pennsylvania ran their 8th water chemicals bid with eBridge. They have been running bids since 2013, but competition is still fierce as ever as 7 suppliers placed a total of 90 bids with 57 first place turnovers in under 40 minutes. The lowest spread between 1st and 2nd place was 0.11% showing true market value and our client was able to save over $88,000 on this year’s chemical purchase.
A private sector client from Tennessee collaborated with eBridge to run a reverse auction for kitchen equipment and associated services. Two vendors came to the auction and placed 63 total bids with 14 first place turnovers in under an hour. The lowest spread between 1st and 2nd place was 0.91%. With a savings of $1.5 million, our client saved 40% of their projected $3.6 million budget.
When the reverse auction for locks opened, a rapid bidding war between 3 vendors ensued. It resulted in 17 first place turnovers in just 20 minutes and a spread between 1st and 2nd place of only 0.13%! With a savings of $1.7 million, eBridge was able to assist this state’s Department of Corrections in saving 69% on their budget.
eBridge coordinated with a state’s finance cabinet to run a reverse auction for office supplies. Three vendors placed 112 bids with 12 first place turnovers and 31 extensions resulting in a phenomenal 31% savings! With a spread between 1st and 2nd place of 0.41%, the total this state saved on their office supplies came to over $3.2 million on a five-year contract.
This state’s Transportation Department and eBridge, partnered together to procure used railroad rails at a great price. The 3 suppliers, who participated in the auction, placed 47 bids with 29 first place turnovers in 21 minutes. Though the auction only lasted a few minutes, it saved the state $79,490 on the purchase. In the end, the spread was only 0.12% between first and second place bidders, saving the state 29%!
eBridge collaborated with this state’s Department of Corrections for their air filters purchase. The approved 3 vendors placed 8 bids with 5 first place turnovers. Competition was fierce throughout this lighting fast 19-minute bid, which resulted in a spread between first and second place of 1.07%, and saved the state 27% on this 5-year contract.
When a private southern college needed new residence hall furniture, they worked with eBridge to bring 5 buyers to the auction, who placed 176 bids in 24 minutes! With a spread between 1st -2nd place of 1.05% and savings over 28%, the college was able to pick the student’s favorite furniture from a vendor, who consequently was not the lowest bidder, for far less than their original budget.
An Indiana city needed to purchase several chemicals for their water utilities service. Three suppliers placed 326 bids in just over an hour with 280 extensions and 90 first place turnovers. Partnering with eBridge helped this city’s utility company to achieve true market value with a spread of 0.39% and savings of 13% on this two-year contract.
When this state’s transportation department needed to run a reverse auction for Fabric Roll-up Signs, they worked with eBridge to manage the bid. Two vendors battled back and forth placing 39 bids with 37 first placed turnovers resulting in a spread between first and second place of 0.21%. The state was pleased to save 19% on this five-year contract.
An Indiana Corporation partnered with eBridge to obtain security guard services. eBridge sourced dozens of vendors to assist the buyer who approved 12 who fit their specifications. These 12 vendors placed a total of 167 bids in just over a half an hour, with 67 time extensions and 16 first place turnovers. True Market Value was obtained with a spread between 1st and 2nd of 0.34% and a phenomenal 33% savings on a three-year contract.