Figure 3: Comparison of Forward and Reverse Auction Processes
This image is excerpted from a U.S. GAO report: www.gao.gov/products/GAO-12-57
Federal Contracting: OMB's Acquisition Savings Initiative Had Results, but Improvements Needed
[DHS: Department of Homeland Security]
[OMB: Office of Management and Budget]
Comments and faves
marketdojo (13 months ago | reply)
Nice illustration of the online auction process. If you do need a toolset for this, please do consider us at Market Dojo as we are the only truly on-demand solution at a transparent price level.