The expanded use of online reverse auctions is creating significant cost savings for taxpayers and major efficiency improvements for federal contracting officials, according to a survey released in ...

Lawmakers are marshaling arguments to restrict the contracting tool called a reverse auction, criticizing agency reliance on a practice dominated by a single private firm at a Thursday hearing of the ...

Reverse auctions have absorbed a fair bit of criticism recently and FedBid, as the reigning king of the reverse auction space, has taken a few blows – but the company’s president, Joe Jordan, is ...

Addressing fees and the need for oversight and guidelines would help avoid what one lawmaker called the trap of 'making it up as we go along.' Federal procurement experts told lawmakers that the ...

Every so often, innovations come along that are proclaimed to be the best thing since sliced bread. They promise to make old processes easier, old methods less costly, and old ways of doing business ...

A project manager sits down at his computer at 9 a.m., logs into a Web site, and types in his company's bid for electrical construction services. Over the next hour, he watches the price for work ...

In an era of new innovations and strategies, legal operations and procurement leaders have used novel tactics to reduce spend while simultaneously increasing the quality of legal work. But one tactic ...

Although the General Services Administration eagerly rolled out its own reverse auction platform earlier in July to generate lower prices on commodity goods for federal agencies, newly introduced ...

FORT BELVOIR, Va., Nov. 19 (UPI) -- The U.S. Defense Logistics Agency says it saved more than $1.6 billion in materiel costs over the past 14 months using a reverse auction procurement process.

REVERSE AUCTIONS MAY seem a consumer-centered technology, but savvy businesses are discovering that by allowing buyers, contractors, and service providers to bid prices down, they save more than just ...