How can two vendors place 94 lowering bids?
Tuesday, December 29, 2020
How can two vendors place 94 lowering bids?
A State trusted eBridge's expertise one more time with a reverse auction that let competition set the pace, with just two vendors. The State obtained more than $30,000 in savings for wildflower seeds and seeding services. Two vendors actively competed to win the contract. There were 94 total bids placed and the lowest spread between 1st and 2nd place was 0.38%. As a result, the State achieved market value as well as an efficient and transparent bidding process.