After partnering with eBridge for the 8th time, a Florida City finds even more savings using reverse auctions. Having had other successful projects (fertilizer & cement), the city once again turned to eBridge to find a supplier for its flooring project. In a quick auction of only 31 minutes the city was able to save 7% on the flooring project. The auction had 29 bids from 5 participating suppliers.
A city in Oregon partnered with eBridge to purchase benches and bleachers at fair market value. eBridge worked with the city to gather 7 participating suppliers for the reverse auction event. After 364 separate bids, 43 extensions, and 35 first place turnovers, the city was able to save $26,000. The final spread of only 0.0013% showed they had achieved their goal.
A Minnesota poultry supplier saved 13% on their pallet wrap purchase after partnering with eBridge. Through the use of eBridge’s reverse auction event, the poultry supplier was able to stay with his current vendor, but at a reduced cost. The auction lasted only 38 minutes but had 72 bids, 17 extensions, and 11 first place turnovers. The final bid spread of the auction was only 0.0185%.
Frederick County Public Schools saved $162,500 on their purchase of tires and retreads. In just 52 minutes of auction time, the public school system was able to save 65% on budget with the help of eBridge. The 4 participating suppliers held a competitive auction with 181 bids including 14 first place turnovers. The final spread of 0.0009% showed that the school system was able to capture market pricing.
A Michigan Township came to eBridge to procure a contract to paint its Water Storage Tank. After identifying potential sources, eBridge hosted a reverse auction for the participating 3 suppliers. After the 373 bids were placed, the Township had saved over 13% on budget equating to almost $17,000. The auction had 88 first place turnovers, and the final spread was only 0.0074%.
An Illinois school district saved $114,000 on a paving maintenance contract in a reverse auction with eBridge. Thanks to the reverse auction event, the school district saved 48% of its budget. The 8 participating suppliers offered up 843 bids in only 31 minutes, including 68 first place turnovers and 11 extensions. The final first-second place spread was only 0.0061% confirming that the auction helped them achieve true market value.
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.
eBridge partnered with the State of South Carolina to purchase light bulbs, lamps, and ballasts for the Materials Management Office. eBridge helped them to save over 4% on the total purchase which equated to over $100,000 in savings. The auction lasted for 61 minutes including 56 lead turnovers and 67 bids placed. After the 3 participating suppliers finished bidding, the spread between first and second was only 0.0051% showing that true market value was achieved.
A South Carolina School District saved over $12,000 on new musical instruments with the help of eBridge’s reverse auction platform. The auction had over 130 bids in just 40 minutes including 95 extensions. There was heated competition among the 3 participating suppliers for first place, which lead to 58 first place turnovers.
A school district in Hawaii was looking to procure new furniture for its classrooms and library. The district partnered with eBridge to find the right supplier at a great price. eBridge helped the schools save a total 36% on furniture using its reverse auction process. The auction consisting of 6 suppliers and had 134 bids, including 23 first place turnovers. The final spread between first and second place bidders was only 0.0004% which let the school know they got true market value.