Reverse Auction saves City 29% on Waste Management Materials

Thursday, October 14, 2010

Reverse Auction saves City 29% on Waste Management Materials

A prominent south Florida city partnered with eBridge to purchase steel containers and roll off boxes.  These items are used in waste management.

Four suppliers participated in the event, placing a total of 526 bids on the 26 different line items.  The clock extended 110 times, allowing suppliers to continue to compete for business.  First place changed hands 114 times, making the event outcome uncertain until the very last second.

Final pricing indicated a savings of 29%.  It should be noted that the savings is based on a 2008 budget number for this bid- two years ago.