Tag Archives: Reverse Auction

FedBid Awarded Commerce Dept Auction Service Extension

FedBid has secured a potential five-year contract to provide reverse auction services and acquisition strategy support across the Commerce Department. The company said Wednesday the contract was issued through the U.S. Patent and Trade Office and can be used by buyers from all Commerce Department bureaus and offices. FedBid has facilitated more than $83.6 million in …

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FedBid to Extend Reverse Auction, Acquisition Services for Labor Dept

FedBid has secured a potential five-year contract to continue to provide reverse auction and acquisition support for the Labor Department‘s contracting offices. The company said Thursday the contract contains one base year plus four option years and will aid DoL’s acquisition strategy for commodity goods and simple services. FedBid CEO Joe Jordan said the company’s …

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Compusearch Unveils General Availability of Reverse Auctions Tool on Prism Acquisition Platform

Compusearch will offer its reverse auction technology to the Defense Department and civilian agency clients through the company’s Prism acquisition platform as part of the Reverse Auctions system’s full general availability. Compusearch said Tuesday the addition of the tool to the Prism platform follows a series of pilot programs at four federal agencies during the …

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Compusearch Updates Federal Reverse Auction Service; Reid Jackson Comments

Compusearch has updated its reverse auctioning support service for the federal government. The company sought to address buyers’ and sellers’ requirements, reviewed legacy third party services and considered regulatory guidance in the design of the refreshed PRISM acquisition management system, Compusearch said Thursday. Federal agencies requests for goods and services through PRISM and sellers that respond with the lowest price receive …

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Lowest Bidder Wins On FedBid; Steve Kelman Comments

Reverse auctions are becoming popular among government agencies wanting to drive down prices on products including technology and pens and pencils, according to Federal Times. FedBid, a Vienna, Va.-based company, offers an eBay-style bidding process for contractors hoping to provide goods to various agencies. In these auctions, the lowest bid …

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Contractors to Get Red, Green Badges For Credit Ratings

FedBid Inc. has teamed with Experian Business Information Solutions to provide federal agencies that use reverse auctions with contractor credit information, Washington Business Journal reports. The new system would place contracting firms in three separate categories, awarding them a green, yellow or red badge based on credit scores. Green badges …

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