In the county’s second event with eBridge, four suppliers competed for the purchase of one rubber tire wheel loader. The one hour, five minute event yielded 85 total bids with 39 first place turnovers and 58 time extensions, allowing the four suppliers to compete in real-time for the contract.
During the event the average bid drop was $2349 per bid and at the conclusion of the event first and second place bidders were separated by only $1.00!
The county achieved approximately a $10,000 savings on the wheel loader, and was assured it received true market value with the $1 differential between first and second place.