A medium-sized city recently partnered with eBridge to purchase water and waste water treatment chemicals. The chemicals included: chlorine gas, liquid caustic soda, liquid alum, hydrofluosilicic acid, aqua ammonia, activated carbon, polyaluminum chloride, potassium permanganate, chlorine gas, sulfur dioxide, HTH granular and HT 3″ chemicals.
The 13 suppliers placed a total of 319 bids on the 12 chemicals. First place changed hands a total of 50 times throughout the one hour, 18 minute bid. At the conclusion of the event the lowest spread between 1st and 2nd was 0.01%, indicating true market value had been found. The overall budget was $172,000 with the final low bids totaling $169,022.