FedBid

News

  • April 22, 2008 FedBid Reports Record First Quarter FedBid, Inc., The Buyer-Driven Online MarketplaceSM for commodity buys, today announced that the company recorded its strongest first quarter ever, with exponential growth over first quarter 2007.
  • March 14, 2008 NOAA Moves Forward with FedBid FedBid, Inc. today announced that NOAA has awarded FedBid a contract to provide the agency with reverse auction services through The Buyer-Driven Online Marketplace at www.FedBid.com.
  • March 1, 2008 Federal Commodity Buying Moves OnlineBy Geoff Edwards, for NEMA Electroindustry As federal agencies begin incorporating innovative procurement techniques, businesses, and particularly small businesses, have been seeing the benefits. In an article published in the March 2008 issue of the National Electrical Manufacturers Association’s NEMA Electroindustry magazine, FedBid’s Vice President of Market Operations explains the impact of online procurement on sellers within the federal market space and how the online marketplace maximizes market access, process efficiencies, and ease-of-use.
  • January 9, 2008 EPA Awards Contract to FedBid FedBid, Inc. today announced award of contract from EPA to provide the agency with online reverse auction services through The Buyer-Driven Online Marketplace at www.FedBid.com.
  • September 27, 2007 FEMA’s Extended Testing of Reverse Auctions Leads to FedBid Contract FedBid, Inc. today announced that, following extensive testing, FEMA has awarded FedBid a contract to provide the agency with online reverse auction services through The Buyer-Driven Online Marketplace at www.FedBid.com.
  • July 25, 2007 Customs and Border Protection Chooses FedBid to Provide Online Reverse Auction Services FedBid, Inc. today announced award of contract from CBP to provide the agency with online reverse auction services through The Buyer-Driven Online MarketplaceSM at www.FedBid.com.
  • July 1, 2007 Reverse Auctions Ready for Prime TimeBy Neal Fox, for Contract Management With an ever-increasing workload and fewer resources, federal government buyers are looking for tools that can help them do their jobs more efficiently and more effectively. For many of these buyers, reverse auctions provide just the boost they need in order to do more with less. Neal Fox, a member of FedBid’s Board of Advisors, explains in an article published in the July 2007 issue of the National Contract Management Association’s Contract Management magazine.
  • March 7, 2007 Retired Navy Admiral Leonard (“Lenn”) Vincent Joins FedBid’s Board of Advisors FedBid, Inc., the online marketplace for commodity buys, today announced the addition of RADM Leonard “Lenn” Vincent, United States Navy, Retired, to FedBid’s Board of Advisors.
  • February 27, 2007 DHS Taps Online Reverse Auction Service FedBidBy Wilson P. Dizard III, Government Computer News Government Computer News reports DHS has selected FedBid as its online reverse auction service of choice to purchase scanners that could integrate with the U.S. Visitor and Immigrant Status Indicator Technology system.
  • February 12, 2007 FedBid Wins Continued Work with State Department Long-time FedBid customer State Department uses FedBid’s GSA contract for eCommerce services.
  • November 1, 2006 Dynamic Strategic SourcingBy Neal Fox, for Contract Management To date, dynamic strategic sourcing implementation has been a challenge with federal agencies, many of which are still struggling to figure out how to implement it without breaking existing procurement processes. Neal Fox, a member of FedBid’s Board of Advisors, explains in an article published in the November 2006 issue of the National Contract Management Association’s Contract Management magazine.
  • October 12, 2006 DHS moves forward with reverse auctionsBy Brian Robinson, FCW Federal Computer Week reports on US Department of Homeland Security’s (DHS) award of a 5-year contract with FedBid. Brian Robinson examines the effectiveness of FedBid’s online marketplace and its impact on DHS’ decision to use FedBid’s online marketplace as part of the agency’s procurement strategy.
  • October 11, 2006 FedBid Wins 5-Year Contract with DHS for e-Commerce Services FedBid, Inc., the online marketplace for commodity buys, today announced it has won a five-year contract with the U.S. Department of Homeland Security (DHS) to provide the Office of Procurement Operations with online reverse auction services.
  • September 25, 2006 GSA: Incubator for ChangeBy Neal Fox, Special to Government Computer News Neal Fox writes that, for GSA, there’s nowhere to go but up. To help the agency on its way, Mr. Fox sets out 10 recommendations to improve GSA performance and help it regain its rightful place as the leader in governmentwide acquisition. Did we mention that FedBid earns a well-deserved mention under Recommendation #3?
  • August 14, 2006 Reverse auctions become a diplomatic tool: State Department stretches its budget with online buysBy David Hubler, FCW Federal Computer Week spotlights US Department of State’s (DOS) use of FedBid to stretch their budget by millions without increasing staffing levels. David Hubler incorporates comments from John Stever, DOS division director of IT Contracts, with solid statistics to show why FedBid has become an integrated part of the agency’s acquisition strategy.
  • August 1, 2006 Best Practices: Getting the Best DealBy Daniel P. Dern, StateTech For budget conscious government agencies, negotiating the best deal at the lowest price for IT commodities and services is an ongoing challenge. Writing for StateTech Magazine, Daniel Stern provides feedback from top procurement execs and industry consultants on how you can stretch your budgets by using smart buying techniques
  • August 1, 2006 The Missing Link in Federal Procurement Evolution: Online Commercial Seller Rating Systems For Commodity BuysBy Luther D. Tupponce, for Contract Management Federal government procurement has begun to evolve rapidly over the past decade, as agencies began adopting various commercial procurement techniques. But there remains a missing link for online procurement of commodities. FedBid’s Vice President and General Counsel, Luther Tupponce explains in an article published in the August 2006 issue of the National Contract Management Association’s Contract Management magazine.
  • July 17, 2006 Kelman: Contracting is a balancing actBy Steve Kelman, FCW Does pricing pressure created by reverse auction competitions harm the relationship between sellers and public sector buyers? Does it damage cooperation between the parties? Steve Kelman points out that a cooperative relationship in the procurement arena is one that creates value for both parties and allows each party to claim value through negotiation. By developing clear and consistent requirements, buyers create value by cutting costs and increasing efficiencies for both buyers and sellers. By performing requirements well, sellers create value by satisfying buyers and developing a good performance record. By using reverse auctions, both parties can not only create value but also claim value, and the government buyer can avoid “playing dead”.
  • June 15, 2006 Bidding WarsBy Kimberly Palmer, Government Executive Kimberly Palmer explores traditional arguments from academia and the construction lobby questioning the federal government’s use of online reverse auction services and contrasts those viewpoints with real-world feedback from reverse auction users and providers.
  • May 15, 2006 Online Government Auction Benefits Buyers and SellersBy Rita Boland, SIGNAL Connections Writing in the Armed Forces Communications and Electronics Association’s (AFCEA) e-newsletter, Rita Boland examines FedBid’s online marketplace and its benefits for buyers and sellers.
  • May 4, 2006 FEMA Testing Online Auctions to Improve Disaster Relief ProcurementBy Angela Kim, Congressional Quarterly Angela Kim, from Congressional Quarterly (CQ), reports on hearings held by the House Committee on Government Reform, lead by Congressman Tom Davis (VA), concerning contracting practices associated with the aftermath of Hurricane Katrina. In her article, Ms. Kim reports that the agency is currently investigating FedBid’s reverse auction capability in order to speed up procurement but ensure accuracy and fairness.
  • May 4, 2006 Testimony to the House Committee on Government ReformBy Neal Fox, Member of the FedBid Board of Advisors In May 2006, Neal Fox testified during the Hearing on Federal Contracting in Disaster Preparedness and Response, before the House Committee on Government Reform. In his testimony, Mr. Fox describes the existing Federal contracting environment and how the online marketplace, www.FedBid.com, is empowering agencies to ensure fair and open competition, providing process transparency and reporting, providing process efficiency, maximizing cost savings, and increasing socio-economic business utilization.
  • May 2, 2006 Roots Grow Deeper for the Online Marketplace for Government CGI Federal, Inc., a wholly-owned U.S. operating subsidiary of CGI Group Inc., (NYSE: GIB; TSX: GIB.SV.A), and FedBid, Inc., the online marketplace for public sector commodity buys, announced today that they have signed a Strategic Alliance Agreement. The goal of the agreement is to provide federal customers with a more comprehensive procurement solution by integrating FedBid’s online marketplace with CGI Federal’s financial and acquisition management software.
  • May 1, 2006 A Growing Method of Payment Evolves OnlineBy Dennis Fischer, for Contract Management The government has increased its demand for detailed data on purchases (known in the Commercial Card Industry as Level III data), and procedural transparency. Meanwhile, commercial sellers require more cost effective rates for accepting Purchase Cards as payment. To satisfy both sides of the transaction, a combination of strategic sourcing and online marketplaces have begun automating process documentation, facilitating availability of Level III data, and enabling lower interchange rates. Dennis Fischer provides insight and analysis of these developments in an article published in the May 2006 issue of the National Contract Management Association’s Contract Management magazine
  • April 1, 2006 Neal Fox Joins FedBid’s Board of Advisors
  • March 6, 2006 Contracting in Perspective: The Changing Face of Government-Wide ProcurementBy Neal Fox, Special to Government Computer News Is contracting via government-wide buying vehicles running a bit wild? Will GSA’s historic near-monopoly on such contracts be threatened? Neal Fox discusses the future of large-scale federal procurements and the strategies behind them
  • March 3, 2006 Dynamic strategic sourcing: More choices, lower pricesBy Neal Fox, Federal Times As Strategic Sourcing becomes a priority within the Federal market, Neal Fox uses his experience leading U.S. Air Force and GSA sourcing and e-commerce initiatives to discuss how an emerging alternative called Dynamic Strategic Sourcing can be used to purchase commodity-type items.
  • February 20, 2006 IT Procurement in ReverseBy Joab Jackson, Government Computer News In the wake of a security glitch in its eOffer online website, GSA is taking an outsourcing approach to e-commerce. Joab Jackson reports on GSA’s award to FedBid of a five-year contract to provide online reverse auction services to the government.
  • January 5, 2006 FedBid Wins 5-Year Contract with GSA for e-Commerce Services FedBid, Inc., a leading online marketplace for public sector acquisition of commercial items, today announced it has won a five-year contract with the U.S. General Services Administration (GSA) to provide online reverse auction services to GSA and agencies eligible to use GSA Sources of Supply and Services.
  • December 14, 2005 Venture Funding Strengthens FedBid’s Position As The Online Marketplace for Government FedBid, Inc., a leading online marketplace for public sector acquisition of commercial items, announces that it has secured $2 million in venture capital funding. The funding will be used to expand FedBid’s presence within the Federal sector, where FedBid has established itself as part of the official procurement process by interfacing with government systems and being used daily by both civilian and defense agencies.
  • September 20, 2005 Kelman: Asking the Wrong Katrina QuestionsBy Steve Kelman, FCW Steve Kelman urges the use of pre-negotiated contracts, innovative contracting structures that reward speed and performance, and online reverse auctions in order to handle the government’s emergency needs during and immediately after times of crises.
  • August 1, 2005 Dr. Steven Kelman joins FedBid’s Board of Advisors
  • April 1, 2005 FedBid closes its strongest 1st quarter ever
  • February 1, 2005 U.S. Navy’s Naval Supply Systems Command (NAVSUP) invites FedBid to participate in its 2005 DON APC Conference in Los Angeles
  • October 1, 2004 Dennis Fischer joins FedBid’s Board of Advisors
  • August 1, 2004 The Department of Homeland Security (DHS) embraces FedBid online procurement services and Reverse eAuction model …
  • June 1, 2004 FedBid releases its newest software platform, providing FedBizOpps integration
  • May 1, 2004 FedBid completes its 10,000th Reverse eAuction