State successfully follows the signs to save more than $2,300,000

Wednesday, December 9, 2020

State successfully follows the signs to save more than $2,300,000

Reverse auctions could be a lifesaver to procure quality items at a market price. A partnership between a State and eBridge paved the way to 18% in savings in a 1-year transportation panel sign installation and maintenance contract with 4 optional 1-year renewals. The competition was intense due to seven vendors placing 276 bids. Finally, the process revealed market price by having a 0.07% spread between 1st and 2nd place.