The Washington, DC metro area sanitation commission engaged BidBridge’ reverse auction expertise for the purchase of 15 chemicals to treat water and wastewater in the Washington DC metro area. 15 suppliers competed on a variety of chemicals.

Some of them chemicals bid are as follows:

Aluminum sulfate

Caustic soda

Chlorine

Ferric chloride

Hydrofluosilcic acid

Phosphoric acid

Potassium permanganate

Powder activated carbon

Sodium bisulfate

Sodium hypochlorite

Sulfur dioxide

Sulfuric acid

The bid lasted three hours, 22 minutes, with one chemical producing over 180 bids, causing the event to continue for several hours. However, the competition among suppliers led to 97 first place turnovers and only 0.46% between the first and second place finishers, indicating true market value had been achieved.

As any buyer knows, achieving true market value is crucial in the purchase of chemicals because of the volatility of the market.