In Northern Kentucky Water District’s first event with BidBridge, eight suppliers competed for the purchase of the following three chemicals:
copper sulfate
potassium permanganate
sodium hypochlorite
The suppliers had the opportunity to place bids for each chemical on a 6 month and one year contract. Due to the fluid price of chemicals, the flexibility of the BidBridge platform allowed the buyer to receive pricing from suppliers on separate line items.
The bid lasted one hour, four minutes. The most competitive line item was the sodium hypochlorite on a 6 month contract. 110 bids were placed for the chemical, yielding 35 first-place-turn-overs, with on .047% separating first and second place.
The buyer was pleased with the event and is already looking to run additional chemicals with BidBridge.