For the second year in a row eBridge Business Solutions partnered with a midwestern city to purchase three new dump trucks. eBridge ran this same event last year with many of the same suppliers participating.
During the 2010 event, four suppliers competed for the three dump trucks. The four suppliers placed 19 total bids, with first place changing hands 10 times. At the conclusion of the event, first and second place suppliers were separted by a mere 0.17% between the two, indicating that true market value had been found for dump trucks in 2010.
In 2009, the total for three trucks came in at approximately $267,000 and in 2010 the final bid came in at approximately $290,000. Although the trucks came in at $23,000 higher than in 2009, the reverse auction process helped the organization achieve true market value at the current point in time for their purchase.
This event is a prime example of what the reverse auction process ultimately does: finds true market value.
eBridge Business Solutions provides leadership in helping our customers operate more efficiently and profitably. We promise to do what we say we will do to achieve remarkable results- like we did today and always!