Better Buying: Federal Government
agency demands savings.
That may mean saving $millions due to budget cuts, or saving time for an overworked acquisition staff.
Most likely, it means both.
You’ve been challenged to identify savings opportunities outside already-running strategic spend initiatives. You need something complementary, effective and fast.
FedBid’s fully-managed online marketplace enables you to quickly implement a
strategic program that delivers savings results without the need to buy
expensive software or endure extended implementation lead times.
Our account and marketplace support staff will work with your team to source the most appropriate, motivated Sellers of the simple goods and services your agency needs, based on the requirements (location, set-asides, regulation) your Buyers set.
With just a few clicks, you have to power to:
- Increase Savings and Efficiency: From our current family of 60,000 qualified Sellers our market operations team sources the best, qualified organizations the goods and simple services you need. Based on your specifications our managed online marketplace drives competition to get you the lowest price possible.
- Produce Detailed Reports of Cost Savings and Line Item Spend Data: Our marketplace captures all data elements throughout the competition process. You get complete, detailed information for each procurement to support both pre-award decision making and post-award strategic sourcing analysis.
- Improve Regulatory Transparency and Boost Compliance: Our system enables regulatory compliance, price reasonableness and process transparency.
- Maximize Small Business Utilization: Our buying process makes it easy to source to regional and national small or traditionally underrepresented businesses. In fact, nearly 80% of buys awarded through FedBid are won by small businesses.
Purchasing through FedBid maximizes your buying power,
delivering double-digit savings while reducing time and administrative costs.
Plus, it’s risk-free. No upfront costs are involved, there’s no set-up, installation or training needed and there’s never any obligation to buy.