The federal government has been using reverse auctions for many years, purchasing $1.15 billion worth of products and commodities through reverse auctions in fiscal 2010.  While their purchasing process is different than how private companies purchase, it’s important to note that they are using the technology as a standard purchasing technique and see the value of finding true market value when using tax payer dollars.  Click here to read the full story.

http://washingtontechnology.com/articles/2010/12/14/reverse-auctions-adoption-fears.aspx