FedBid’s Value Proposition for Buyers
FedBid dramatically improves efficiency and transparency in the public sector procurement process. Utilizing Internet technology, FedBid helps the public sector Buyer manage an ever-increasing workload by automating the notification, competition and documentation aspects of that process. 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 Federal procurements comply with the Federal Acquisition Regulations (FAR). 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 Regulatory Compliance - FedBid delivers regulatory compliance, price reasonableness and process transparency to help Buyers eliminate waste and misuse of taxpayer dollars
- Increases Small Business Utilization - By improving opportunity access, FedBid has facilitated award of over 80% of all dollars to small businesses
Spotlight Pearl Harbor, Hawaii:
A Contracting Specialist, supporting the Pacific Submarine Support Command in Hawaii, used FedBid to compete the purchase of Handheld Radios. The specification required that the units be shipped FOB Destination Outside the Continental United States (OCONUS) to Hawaii.
The requirement was posted under the Specialty Items category and Marine Equipment subcategory. Even though this requirement was well below the micro-purchase threshold (< $2,500), the posting generated automatic email notifications to 486 companies. Of the 486 notified, 5 companies bid a total of 8 times, and 13 companies proactively declined or “No Bid” the competition, with the order going to a specialty marine supplies wholesaler business based in California.
Spotlight Washington, D.C.:
An Environmental Protection Agency (EPA) Contracting Officer supporting Headquarters operations used FedBid to compete the purchase of DVD Drives and equipment. The specification required no partial deliveries with FOB Destination CONUS to an EPA receiving center Maryland.
The requirement was posted as a small business set-aside under the Computer Products category and DVD Drives subcategory, which generated automatic email notifications to 869 companies. Of the 869 notified, 20 companies bid a total of 54 times, and 15 companies proactively declined or “No Bid” the competition, with the order going to a small business based in Colorado Springs, Colorado.
Spotlight Federal Small Business Utilization:
During fiscal year 2011, government agencies 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