Using the Power of FedBid for Your Service Requirements

Did you know that, in addition to helping you save time and money on your commodity acquisitions, FedBid is also a great tool for procuring services? It’s true! In FY18 alone, Buyers leveraged the power of the FedBid Marketplace to acquire over $200M in service requirements. How does FedBid help with your simple service acquisition plan? Our dedicated Sourcing team works tirelessly to find the right vendors to bid on your requirements. Whether you have area-specific requirements or you are looking to target a particular socio-economic status, we engage our established vendor community and recruit new companies daily to ensure your requirements receive the best competition possible.

In FY18, service buys on the Marketplace averaged four vendors per buy thanks to the efforts of our Sourcing team. By bringing more vendors to bid on your requirements, competition increases, helping you to reduce costs. In fact, the average savings on the Marketplace in FY18 was 14% lower than the Target Price.

What types of Services work best with the power of FedBid? You may be surprised to find it is the very type of requirements you see on your desk this time of year. While categories like IT/Telecom, Maintenance and Repair of Equipment, and Equipment Rentals continue to show great results, Buyers have also found success with their Housekeeping, Lodging, and Support Services Requirements, as well. If you have something location-specific, our Sourcing team diligently researches vendors that fulfill the criteria.

In FY18, among our federal civilian, state and local, commercial and education Buyers, we saw fantastic competition throughout Service buys. Check out our Top 5:

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

*Data depicts fiscal year 2018 numbers as of November 14, 2018. Numbers may be subject to change.

Do you currently have a Service requirement on your desk? If so, feel free to contact your Account Manager, to draft the buy on your behalf and show you how using FedBid for your Services can show you real savings on both time and money!

Already signed in? Use our marketplace research tool to see what kind of competition you stand to gain by leveraging the FedBid Marketplace.

While our average savings on Services buys this past FY18 was 14%, our federal civilian, state and local, commercial and education Buyers saw even greater savings on a few of the Top 5 Service Categories.

FY18 SERVICE CATEGORIES SAVINGS - DATA SUBJECT TO CHANGE

*Data depicts fiscal year 2018 numbers as of November 14, 2018. Numbers may be subject to change.

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Author: Tim Strickland

Publisher: FedBid Inc.

Released: November 15, 2018