GovConNet Member Meeting with F. Glen Richardson from FedBid about Reverse Auctions

Posted Date: 
November 14, 2012

F. Glen Richardson and Zach Ennis of FedBid provided insight into the Reverse Auctioning online platform that connects buyers from State, Local and Federal Governments to sellers.  To date, thousands of procurement professionals at dozens of public sector and commercial organizations use FedBid to procure billions worth of commodities and simple services.  The buyer sets parameters and contracting codes associated with each opportunity. This online tool allows small business to learn about procurement opportunities and submit competitive bids.Though the process is automated, the award decision rests solely with the buyer. Small businesses represent 85% of reverse auction activity.

Download Presentation - Enhancing Business Through Reverse Auctions

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MCCC Strategic Partners