School District Purchases New Vehicles through Reverse Auction

Sunday, August 15, 2010

School District Purchases New Vehicles through Reverse Auction

Saves 5% off budget price on six new vehicles in preparation for 2010 school year

A school district needed to purchase a variety of vehicles prior to the start of the 2010-2011 school year.  With tighter operating budgets, the school was looking for ways to save on cost, but not cut safety or necessity when providing a quality education and supporting programs to its students.

The school district sought to purchase six different vehicles, including maintenance trucks and driver’s education vehicles.  They enlisted the expertise of eBridge, to provide purchasing consulting and the reverse auction platform.

Six car dealerships participated in the event, placing a total of 38 bids on the six vehicles included on the reverse auction.  The clock extended 32 times indicating that the dealerships were excited to win the business for the new vehicles and that the school district was closer to achieving true market value for the purchase.

At the conclusion of the event, the price was five percent lower than their budgeted value and the school district was able to purchase all six vehicles and still meet budget.

As our economic future remains uncertain, it is important to maintain quality education for our young citizens.  By incorporating purchasing efficiencies in to our routine purchases in education facilities, like the reverse auction, maintaining quality education becomes a reality.