Large Florida School District Purchases Vehicles through Reverse Auction Process

Friday, July 24, 2009

Large Florida School District Purchases Vehicles through Reverse Auction Process

The school district’s second event with BidBridge, five suppliers competed to provide a variety of vans and trucks for the upcoming school year.

On one of the trucks, a Ford F250 Utility Body, 64 bids were placed with 15 first place turnovers. The result was a mere 0.05% spread between first and second place. On a second item, a Fords F250 with a tool box, bed liner and tow package, 48 bids were places with 5 first place turnovers and 32 time extensions resulting in a 0.14% spread between first and second place.

Overall, the buyer yielded over 50% savings versus budget for the five truck and van varieties.