After learning of the great success several other local universities were having with reverse auction bidding, this CA University decided it was their turn!  They partnered with eBridge to run a reverse auction for their purchase of dorm room furniture.   For the live competitive auction, suppliers were required to bid a lump sum total for the entire scope of service (included: purchase of furniture, delivery and handling, installation as well as removal and relocation of existing furniture).   Immediately following the live auction, suppliers had 3 hours to electronically submit their unit pricing, giving a complete breakdown of the final lump sum bid placed during the live auction.  During the 25 minute auction, 4 suppliers placed 41 bids resulting in 5 first-place turnovers.  The spread between 1^st and 2^nd place was 0.32% with an estimated savings of $19,800 or 12.5%.