Small town saves big on chemicals with reverse auction

Tuesday, May 18, 2010

Small town saves big on chemicals with reverse auction

BidBridge assisted a Kentucky city with the purchase of 11 chemicals for water treatment. Chemicals are a volatile commodity, with pricing for each varying throughout the year.

Twelve suppliers participated in the bid, placing 373 total bids throughout the 2 hour, 20 minute bid. First place changed hands 111 times and the clock extended 215 times, allowing suppliers to continue to compete for the business.

At the conclusion of the bid, the city saved 23% versus budget.