Subscribing to FedBid is free to Sellers, which means there is no cost to register, view opportunities or bid. FedBid applies a proportional transaction fee to all bids within a particular buy and includes the transaction fee in the total bid price submitted to the Buyer for consideration. Unless otherwise agreed by FedBid and Buyer, the resulting FedBid fee for any buy is included in the payment from the Buyer to the selected Seller or the third party for which the selected Seller is acting as authorized representative or agent. If you have been chosen as the selected Seller, you will automatically receive the Buyer’s point-of-contact information via email from FedBid. Either the Buyer may contact you or you may contact the Buyer directly to complete the ordering process. The Buyer will issue the order directly to you in the form of either a purchase order (PO) or purchase card (PCard) authorization, based on the terms of the competition. Therefore, all orders, regardless of payment method (PO or PCard), will consist of the pricing submitted online, plus the FedBid Fee and applicable contract access fees if incorporated online.
FedBid assesses a fee of between 0 – 5% of the accepted bid depending on the specifics of the competition and applicable discounts. For example, if you bid on an opportunity and your bid price was $100.00, the Buyer will view and accepted the price of $103.00 (in a situation where the base fee minus any discount results in a 3% fee). The Buyer then will issue an order for $103.00, and you will invoice the Buyer for $103.00. Your invoice to the Buyer MUST mirror the price structure utilized online. The FedBid fee and contract access fees must not be separated unless done so within the specification of the competition. Please submit your request here if you need assistance determining fee structure or amounts.
Buyer contact information and invoicing instructions are typically contained in the Buyer’s order.