eBridge’s Reverse Auction Strategy Delivers for Third Consecutive Year

Saturday, November 01, 2014

eBridge’s Reverse Auction Strategy Delivers for Third Consecutive Year

A southern state ran a printing contract for the third consecutive year as a reverse auction bid through eBridge.  There were four pre-approved bidders and because two of the bidders were willing to compete aggressively for the business, it was a very exciting auction.  The low bid was reduced 37 times over the course of an hour and the price dropped about 25% from the opening bid.  In the end, the taxpayers will be paying 3% less than they paid the previous year and 36% less than they paid for the same contract when it last ran as a traditional bid in 2008.