Pricing beats state contract prices for vehicles
A southern California school district partnered with eBridge, for the purchase of 2010 and 2011 model vehicles. Two suppliers competed to supply the following:
2 cargo vans
2, ¾ ton pick-up trucks
1, 1-ton crew cab with standard pick-up
3, 1-ton crew cab and chassis
The event lasted 2 hours and 36 minutes, yielding 145 bids, 112 time extensions and 73 first place turnovers. The two suppliers’ prices were separated by only 0.04%, indicating true market value for the vehicles was achieved.
Overall, the school district achieved 34% savings versus budget.
It is important to note that the school district had the opportunity to purchase the vehicles through the pricing established by the city. The city’s pricing was established in 2008, when the price of vehicles was soft due to the state of the automotive industry at that time. Even compared with the pricing established by the city last year, the bid still achieved 34% savings.
Additionally, the two automotive dealers participating in the event were excited about the process and are looking forward to participating in another bid with eBridge.