Indiana School District Purchases Fuel through Reverse Auction

Friday, November 13, 2009

Indiana School District Purchases Fuel through Reverse Auction

BidBridge was approached to run the fuel bid for Greater Clark County Schools for the second year in a row.
In this year’s event four suppliers placed bids for a two year contract to provide diesel and unleaded gas to the school district. Specifically the contract was for 58,000 gallons of unleaded and 120,000 gallons of diesel fuel.
The same four suppliers competed on both line items, both yielding over 50 bids, 34 time extensions and less than 2% between first and second place bidders.
As a comparison to last year’s contract pricing achieved through BidBridge, Greater Clark County Schools paid 0.1475 per gallon for both the diesel and unleaded fuel. For the 2009-2011 contract, low bids came in at 0.0825 for unleaded and 0.0889 for diesel fuel, almost half of the price from last year.
While fuel prices have significantly decreased over the past year, BidBridge helped this school district achieve true market value for the purchase of the fuel for the next two years.