Part 3 of a Series: David C. Wyld continues his look at the recent OFPP guidance, focusing on some of the critical issues in collecting and analyzing data points, and determining the value and effectiveness of the way federal agencies are using reverse auctions today.
Part 2 of a Series: David C. Wyld reviews the recent OFPP guidance on the use of reverse auctions in federal acquisition, taking a closer look at the reminders given to contracting officers to help maximize the value of reverse auctions.
Part 1 of a Series: OFPP's new guidance on the use of reverse auctions by federal agencies adds to the dialogue on the importance and impact of a growing acquisition tool for contracting offices. The memo covers the benefits of reverse auctions, offers a framework for contracting offices on appropriate use and strategies to maximize the value of this tool and asks agencies to work with OFPP in identifying and collecting data that can be used to evaluate and improve results.
VIENNA, VA – FedBid has added new functionality to its online marketplace, putting additional tools and greater efficiency in the hands of public sector Buyers. Beginning this week, Buyers can use the FedBid marketplace to compete Blanket Purchase Agreements (BPAs) and Indefinite Delivery/Indefinite Quantity (IDIQ) contracts.
FedBid is the largest commercial marketplace for reverse auctions conducted by federal agencies. Of the nearly 31,000 contracts awarded by federal agencies through FedBid's marketplace in FY2014, 86 percent went to small businesses.