Electronic Commodities Store III- (ECS III)

What is NITAAC's Reverse Auction Process?

NITAAC's Reverse Auction is an online procurement tool for government buyers to purchase commercial items. Using a model endorsed by OFPP and the Congressional HGRC, NITAAC offers government buyers a reverse auction service which represent the best available combination of procurement technology and service, providing a proven, Internet-based marketplace through which public sector buyers can buy commercial items - primarily price-driven commodities - from commercial sellers in a dynamic competition forum.

Key Benefits:

• Improving buyers' compliance with Federal Acquisition Regulations
• Helping to ensure "the consistent use of fair and open competition"
• Reducing the cost of goods purchased with reverse auction bidding
• Decreasing buyer workload by streamlining the bidding process
• Enabling sellers to submit multiple bids with real-time competitive ranking
• Improving small and minority business utilization
• Performing seller recruitment and support services