Category: Professional services
The City of Hollywood, FL wanted to contract security services through eBridge’s reverse auction process. The bid was extremely competitive with 23 approved suppliers. There were over 2,338 bids placed, with 177 time extensions, and 97 total first place turnovers. The lowest spread between 1st and 2nd place was a mere 0.07%, an amazing true market value. The City of Hollywood had a 36% savings on their budgeted value.
eBridge teamed with a Georgia county to purchase copy paper. There were 12 highly competitive suppliers, with 28 first place turnovers. The 30 minute bid had an additional 39 time extensions, as the suppliers continued to lower their bids. The spread between 1st and 2nd place was 0.11%, showing an amazing true market value. The Georgia country had a savings of 6.67% on their budgeted value. They were pleased with their savings, as the fuel price increases this year has added cost to their paper deliveries.
In their first eAuction with eBridge, a California State University purchased restroom paper towels, toilet tissue, and dispensers. The 2 suppliers competing for the 2 year contract had given presentations to the university prior to the auction. There were a total of 17 bids, and 1st place had 2 turnovers.
An east coast university partnered with eBridge to establish a print contract for new materials for the 2011-2012 school year. The university engaged the use of eBridge’s reverse auction technology, but also the team of purchasing professionals to help create specifications and identify the right purchases for the process. This bid was comprised of two line items.
eBridge’s team worked with the purchasing team to establish neutral specifications and would allow multiple suppliers to bid on this project. One specific requirement was that suppliers be within a 300 mile radius of the university to ensure timely delivery.
During the live bidding event, the four suppliers placed 14 total bids. First place changed hands 10 times. First and second place were separated by a mere $500. The final low bid was 15% below the university’s budgeted amount.
A large hospital system engaged eBridge to help establish a three year contract for laundry and linen services. eBridge worked with their procurement team to first identify purchases over the next year that would be appropriate for the reverse auction process. Next, eBridge’s team helped the group develop a set of specifications for the bid.
“It had been several years since the hospital had opened this item up for competitive bidding so they didn’t have a set of specifications that appropriately appealed to a wide group of suppliers,” said Rebecca Flaherty, Senior Procurement Manager at eBridge. “My team collected the requirements as directed by the hospitals’ team and then helped write specifications that were both thorough and clearly defined, positioning the bid to be highly competitive and fair.”
A total of eight suppliers were approved by the hospital’s team and included in the bid opportunity. eBridge’s strategic sourcing efforts brought 6 new suppliers to the table for this event.
The suppliers placed 140 bids with first place changing hands 11 times. At the conclusion of the bid, the hospital had saved 28% versus budget, with the three lowest bidders within a close margin.
A national commercial freight company engaged eBridge to establish a contract for temporary labor services. The specifications outlined solicitation for three classes of workers with pricing requested for regular hourly wage rates and overtime rates for an 18 month contract.
eBridge’s procurement team worked closely with the company to create specifications that allowed multiple companies to bid on the contract. eBridge led both the buyer and suppliers each step of the process, as it was the first reverse auction experience for many of the participating suppliers.
Seven suppliers were approved and participated in the event, placing a total of 187 bids during the reverse auction. First place changed hands 21 times and first and second place suppliers were separated by a mere 0.17% indicating true market value for the labor services was found. At the conclusion of the event the buyer saved 14% versus budget or approximately $1,806,000.
Columbia, SC, August 3, 2010–With reports of budget crises in nearly every state, the state government of South Carolina is taking action by incorporating cutting edge technology and industry best practices to increase efficiencies in its purchasing process. One major addition to its purchasing techniques is the reverse auction.
A reverse auction is a secure, real-time electronic sealed bid platform that allows suppliers to place multiple bids, rather than the one price per supplier response traditionally used in the paper bid process.
In July 2009, the State of South Carolina engaged eBridge Business Solutions, a proven eProcurement services provider, through a state contract. Since the inception of the contract, the State has utilized the reverse auction process for purchases budgeted at $5,344,000, resulting in over $1 million or 20.8% savings versus budget.
This savings was achieved over the course of 11 events between the Department of Transportation (DOT) and Information Technology Management Office (ITMO) on behalf of the Department of Motor Vehicles (DMV), Coastal Carolina University, Trident Tech, Midlands Tech, and Department of Natural Resources. A total of seven state organizations have utilized the reverse auction process.
“The State of South Carolina serves as a model for other states by incorporating best practices in purchasing through the reverse auction process”, said Jim Headlee, CEO of eBridge, “We commend State leadership for leveraging technology to be responsible stewards of tax payer dollars.”
The State is scheduled to run several more items this year as well as other city and local government organizations.
About eBridge
Founded in 2002, Louisville-based eBridge provides fully managed business solutions creating efficiencies and streamlining business operations. Leveraging years of experience in purchasing, sourcing and budget management, eBridge Business Solutions’ full suite of services includes purchasing, merchant card management, web based payroll and corporate purchasing cards. For more information, visit: www.ebridgeglobal.com.
Press Contact:
Whitney Headlee
Director of Sales and Marketing
whitney.headlee@ebridgeglobal.com
In another auction for the DMV the competition was steep for print forms. Three suppliers bid 108 times exchanging first place over 100 times. The auction was extended 102 times further reaching towards the goal of achieving the lowest price possible. When the auction was over the winning bidder came in 5.5% below the purchaser’s budget.
From supplies in your office closet to print forms, eBridge is the answer to your purchasing needs!
Professional Services- Information Technology Management Office, SC – Trident Technical College Continuing Education Course Print Contract-
Trident Technical College engaged BidBridge for a print contract for the college’s education course materials. The bid consisted of only a single line item for this individual contract.
Seven suppliers competed for the contract. Twenty-seven bids were placed among the seven suppliers yielding 13 first place turnovers.
Through engaging BidBridge, Trident Technical College achieved true market value for the print contract and saved 10% versus its initial budget.
Incumbent Supplier Wins Bid; Supports Reverse Auction Platform
LAKELAND, Fla., Dec. 1 — The City of Lakeland, FL recently leveraged new technology and strategy for the bid process on its one-year waste hauling contract. The deliverable: hauling 19.25 million gallons of fertilizer and class AA residuals from two wastewater reclamation plants over a one-year period. The platform: eBridge, a proven e-procurement services provider for the public and private sectors. The result: a 40 percent savings for Lakeland against the previous year’s contract.
eBridge creates a dynamic purchasing environment by offering a secure, real-time electronic sealed bid platform that allows suppliers to place multiple bids, giving suppliers the opportunity to actively compete in the marketplace. The ensuing bid process provides entities with an alternative to the public sector’s traditional process of a one price per supplier response, while maintaining the integrity of the competitive, sealed bid process.
In the past, eBridge and Lakeland had teamed for several successful events, including calcium carbonate transportation (one-year contract), tennis court resurfacing and floor resurfacing bids. For Mark Raiford, Lakeland’s Director of Purchasing, continuing the city’s success with eBridge was simply the best option.
“Our past experiences had led us to the conclusion that eBridge was a professional, cutting-edge organization with the talent and tools to help get the job done,” said Raiford. “This time around, eBridge stayed true to its reputation and helped us achieve some of the best results we’ve seen so far.”
Seven hauling service providers competed over the one hour and 41 minute event, logging a total of 250 bids and 86 clock extensions. First place changed hands a total of 57 times. In the end, the incumbent supplier was awarded the bid.
“Lakeland is a prime example of how public organizations can continually leverage a reverse auction platform in their procurement activities,” said eBridge CEO Jim Headlee. “It really doesn’t matter what the item or service is; reverse auctions that leverage the right technology for buyer visibility apply to almost any purchasing activity.”
About eBridge
Founded in 2002, Louisville-based eBridge provides fully managed e-auction services to both the public and private sectors. Through its competitive sourcing and online procurement system and services, eBridge assists its buyers in achieving true-market value for the goods and services needed for ongoing business operations. Significant cost reductions and procurement efficiencies have allowed eBridge’s buyers to save millions of taxpayer, corporate and investor dollars, ultimately producing a positive effect on compressed budgets.
For more information, please visit: www.ebridgeglobal.com