CA University’s World Brightens Up After Saving $40,000 Through eBridge’s Reverse Auction on Specialty Parking Garage Lighting

Wednesday, April 18, 2012

CA University’s World Brightens Up After Saving $40,000 Through eBridge’s Reverse Auction on Specialty Parking Garage Lighting

The University Facilities Department identified a specific lighting fixture for use in its garage structure.  The bid required a specific luminaire from a specific manufacturer, which can be challenging when sourcing for reverse auction.  However, since there are multiple suppliers of this particular manufacturer’s brand, eBridge was able to source and invite 55 suppliers to participate.  Of the 6 suppliers that did respond to the bid, 5 participated in the live event.  During the 35 minute event, 60 bids were placed resulting in 24 first-place turnovers.  The final spread between 1st and 2nd place was 0.13% ($1.00 price difference per unit).  Based on an average estimated retail price for this particular luminaire, this University will save $40,000 on their purchase.