Florida City Establishes Waste Hauling Contract through Reverse Auction

Thursday, October 22, 2009

Florida City Establishes Waste Hauling Contract through Reverse Auction

A Florida city engaged BidBridge to establish a one year contract price for hauling 19.25 million gallons of fertilizer and class AA residuals from two wastewater reclamation plants.
The incumbent supplier of the hauling services approached City officials and urged him to run the contract through the BidBridge process.
Seven hauling service providers competed in the one hour, 41 minute event. A total of 250 bids were placed by the seven suppliers throughout the course of the event.  First place changed hands 57 times and the clock extended 86 times, allowing suppliers to continue to place residual lowering bids until the cost for hauling the materials had reached true market value.
At the conclusion of the event, the city saved 40% versus last year’s contract amount!