City Purchases Emergency Generator through Reverse Auction Process

Monday, August 31, 2009

City Purchases Emergency Generator through Reverse Auction Process

A medium sized southern town partnered with BidBridge to purchase an emergency generator.

Eight suppliers competed to supply the emergency generator for the city.  The bidding lasted just over an hour, with a total of 86 bids placed and 11 first place turnovers.  The result was just 0.72% margin between first and second place bids, indicating that true market value had been achieved for the generator.  Additionally, the city achieved a 31% savings versus budget for the item.