Reverse Auctioning is an innovative pricing technique using secured internet-based technology. The sense of competition is heightened as suppliers compete in real time by bidding lower as they see other offers. Savings have ranged from 2-25%, with a weighted average of 18%. The goal of these contracts is to offer a powerful and flexible e-business solution to Navy customers. As candidate procurements are identified, customers can select the method best suited for their specific needs. Although primarily Navy customers will use these contracts, other DOD and federal agencies will be able to take advantage of the attractive pricing and flexibility these contracts offer.
NAVSUP NSSC indefinite quantity contract for Auction Services
How the Navy Increased Savings with Reverse Auctions
Federal eCommerce
Government Business Reverse Auctioning
Best Practices
Navy Postgraduate Thesis - Success Stories
SeaPort Reverse Auctioning
