Almost 90 Days Into the New Fiscal year: What’s New and Trending?

With the first quarter of the federal fiscal year ending in less than two weeks, there have been many updates and trends on the FedBid marketplace. From new product releases to different types of solicitations, this time of year is far from quiet!

Expanded Functionality of the Marketplace Research Tool

In the summer of 2018, FedBid released the Marketplace Research Tool. This functionality was a frequent request of customers across agencies and is now readily available for all users. By searching specific commodities or services, Buyers can review marketplace history and competition statistics. If desired, Buyers can clone specific line items of their choosing to build future requirements into draft buys.

Marketplace Research


In our most recent update, this functionality expanded even further to allow Buyers to save the CLINs into a file to be available for their review and future drafting. Interested in learning more? Check out our previous blog post on this update here »

Purchasing Trends

With increased access to competition statistics, more users have not only been able to successfully leverage the marketplace for commodities, but simple service requirements, as well. Curious if a colleague or agency has competed a service in a similar state? In addition to leveraging the Marketplace Resource tool for GWAC and set aside information, users can also filter their results by location.

In FY18, Service requirements were incredibly competitive when competing categories, such as IT, Lease or Rental of Equipment, and Maintenance and Repair.

FY18 SERVICES CATEGORIES COMPETITION - DATA MAY BE SUBJECT TO CHANGE.

*Data depict fiscal year 2018 numbers as of December 20, 2018. Numbers may be subject to change.

The benefits don't stop there. In fact, the average cost avoidance on the Marketplace in FY18 was 14% lower than the Target Price. Learn more about simple service requirements here »

Trainings and the Q2 Calendar

In addition to new functionalities and categories on the marketplace, now is great time for Buyers and their teams to schedule refresher trainings and on-site support. Whether you need a one-on-one session, a webinar to cover new features, or for your Account Manager to provide helpdesk support, it's never too early to get ahead of planning for the remaining three quarters of FY19. In FY18, teams that utilized our on-site helpdesk saw impressive results, from a reduced FedBid PALT to increased cost avoidance.

Onsite Support Success


Interested in learning more about the benefits of having a team member on-site? Click here!

If you would like to have someone contact you about scheduling a training, setting up on-site support, or if you simply need on-site support, fill out the form below and we will contact you.

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Author: Katie White, Director of Account Operations

Publisher: FedBid Inc.

Released: December 20, 2018