Skip Top Navigation Skip Top and Sub Navigation
877.9FEDBID Login Register

Tangible Results

FedBid’s Value Proposition for Buyers

Better Buying…

FedBid provides an efficient and transparent purchase strategy for commercial organizations to perform spot-buying online. Utilizing Internet technology, FedBid provides commercial Buyers savings opportunities through cost reduction and full support for just-in-time purchases. With a few clicks, commercial Buyers can obtain the lowest price and best value for the product or service they were seeking. FedBid’s value lies in its ease-of-use, speed and efficiency, ability to provide comprehensive information and documentation, and in its ability to help ensure contract compliance. In addition, FedBid’s risk-free transactional fee approach not only eliminates upfront investment, license fees or maintenance costs by Buyers or Sellers, but it also provides Buyers with guaranteed results. For Buyers, FedBid:

  • Saves Time - With automated feeds to FedBizOpps and an easy-to-use interface that can be used without regard to geographic location and without implementation or training worries, FedBid saves time and frees up Buyer resources for complex procurements
  • Stretches Budgets - By saving money and providing guaranteed results, FedBid helps Buyers do more with less money
  • Improves Procurement Documentation - FedBid provides complete, detailed information for each procurement, including all Sellers contacted and all bids and no-bids received
  • Improves Corporate Policy Compliance - FedBid delivers policy compliance, price reasonableness and process transparency to help Buyers eliminate waste and misuse of corporate dollars
  • Increases Small Business Utilization - By improving opportunity access, FedBid has facilitated award of over 80% of all dollars to small businesses

Spotlight Federal Small Business Utilization:

During fiscal year 2011, customers using FedBid compiled the following results associated with socio-economic goal attainment or “small business utilization”:

  • $951 million awarded to small businesses
  • $334 million awarded to minority-owned small businesses
  • $186 million awarded to woman-owned small businesses