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July 20, 2010 Fedbid Names Joseph Sorisi as Chief Technology Officer VIENNA, VIRGINIA, July 20, 2010 — FedBid, Inc., The Buyer-Driven Online Marketplace® for commodity buys, today announced that it has named Joseph Sorisi as Chief Technology Officer (CTO). Sorisi will lead FedBid’s technology and web development efforts as the Company continues to enhance its leading online reverse auction marketplace.
July 1, 2010 How DHS Captures Big Savings on ITBy Lenn Vincent, for Contract Management RADM (RET.) Lenn Vincent, industry chair at Defense Acquisition University, relates how DHS Office of Procurement Operations has used online reverse auctions to dramatically improve savings and efficiencies on IT purchases in an article published in the July 2010 issue of the National Contract Management Association’s Contract Management magazine.
April 21, 2010 Mississippi State University Touts Savings from FedBid Buy In the face of a grim budget outlook for Mississippi’s university system, there is some good news. As reported to the Hattiesburg American by Mississippi State Higher Education Commissioner, Hank Bounds, universities are taking innovative steps to save money. A recent buy competed through FedBid for dormitory mattresses saved the system $84,000, or more than 30%.
March 31, 2010 FedBid Names John J. Young, Jr., Former DoD Procurement Czar and Undersecretary of Defense, to Board of Advisors VIENNA, VIRGINIA, March 31, 2010 — FedBid, Inc., The Buyer-Driven Online Marketplace® for commodity buys, today announced that it has named the Honorable John J. Young Jr. to its Board of Advisors. Young recently completed his service as Undersecretary of Defense for Acquisition, Technology and Logistics (AT&L).
March 20, 2010 Marine Corps Community Services Awards FedBid Contract for Reverse Auction Services VIENNA, VIRGINIA, March 20, 2010 — FedBid, Inc., The Buyer-Driven Online Marketplace® for commodity buys, today announced that Marine Corps Community Services (MCCS) has awarded FedBid a contract to provide reverse auction services in support of the agency’s acquisition efforts.
March 15, 2010 Washington Post Profiles FedBid President The Washington Post profiles FedBid President, Glenn Richardson, former Partner at Deloitte LLP and Arthur Andersen, in its “New at the Top” feature. Glenn provides insight regarding the world of government consulting and procurement and describes what led him to his current position at FedBid.
January 21, 2010 FedBid Names Former Deloitte Partner Glenn Richardson as President FedBid, Inc., The Buyer-Driven Online Marketplace® for commodity buys, today announced that it has named Glenn Richardson as President. Richardson, a former partner at Deloitte LLP and Arthur Andersen, will be responsible for managing and expanding the company’s public sector operations.
November 17, 2009 FedBid Names Retired Army General Thomas “Tom” Schwartz to Board of Advisors FedBid, Inc., The Buyer-Driven Online Marketplace® for commodity buys, today announced that it has named General Thomas “Tom” Schwartz, United States Army, Retired, to FedBid’s Board of Advisors. General Schwartz is currently chairman of the board of the Military Child Education Coalition (MCEC) and is the former Commanding General, US Army Forces Command.
October 21, 2009 FedBid Announces Record $875 Million Worth of Purchases by Government Buyers in FY2009 FedBid, Inc., The Buyer-Driven Online Marketplace® for commodity buys, today announced that government buyers purchased more than $875 million worth of products and commodities in FY2009, more than a 20% increase over total purchase value in FY2008.
September 22, 2009 Retired Navy Vice Admiral Dan McCarthy Joins FedBid Board of Advisors FedBid, Inc., The Buyer-Driven Online Marketplace® for commodity buys, today announced the addition of VADM Justin Daniel (“Dan”) McCarthy, United States Navy, Retired, to FedBid’s Board of Advisors.
August 19, 2009 Ideas for cost savings in contractingBy Steve Kelman, for The Lectern at FCW.com In response to OMB’s July 29, 2009 memorandum calling for 7% savings over the next two years, Dr. Kelman offers some thoughts regarding strategic acquisition approaches that could help the government save taxpayers big money in this era of even bigger deficits. Read his blog, ‘The Lectern’, online at Federal Procurement Week (www.fcw.com).
June 23, 2009 National Industries for the Blind Announces AbilityOne FedBid Partnership AbilityOne and National Industries for the Blind (NIB) announced a new collaborative agreement between FedBid, Inc. and AbilityOne to promote use of AbilityOne products and services by federal agencies. The AbilityOne Program is a federal program that employs through federal contracts more than 40,000 individuals who are blind or have other severe disabilities.
April 15, 2009 FedBid Automates Recovery Act Compliance FedBid, Inc., The Buyer-Driven Online Marketplace® for commodity buys, today announced a new marketplace feature that automates the Government’s ability to track Recovery Act dollars used for commodity and simple service procurements.
February 18, 2009 Stimulus spending and contracting reduxBy Steve Kelman, for The Lectern at FCW.com Now that the government has passed an historic stimulus package that pours billions of additional dollars into the procurement hopper, how can government procurement professionals spend this money not just quickly but responsibly? Dr. Kelman explains in his blog, ‘The Lectern’, online at Federal Procurement Week.
December 16, 2008 Contracting in a time of mega-deficits and economic downturnBy Steve Kelman, for The Lectern at FCW.com Even as the federal government incurs huge costs to rescue the financial services industry and stave off economic collapse, contracting shops can still find ways to save taxpayers money. In his blog, ‘The Lectern’, online at Federal Computer Week, Dr. Kelman points out a potential upside to the economic downturn if the government can take advantage of low-hanging fruit.
October 21, 2008 FedBid Reports Record Third Quarter FedBid, Inc., The Buyer-Driven Online Marketplace® for commodity buys, today announced its continued impressive growth during 2008, achieving record third quarter growth.
July 25, 2008 Bureau of Prisons to Utilize FedBid FedBid, Inc. today announced BOP’s decision to utilize The Buyer-Driven Online Marketplace at www.FedBid.com for agency commodity purchases, enabling the agency to achieve additional process efficiencies and cost savings.
July 18, 2008 OFPP Encourages Increased CompetitionPaul A. Denett, OFPP Administrator On July 18, 2008, OFPP Administrator, Paul A. Denett, issued a governmentwide memorandum encouraging agencies “to do more to promote the appropriate use of tools and effective practices to improve and increase the use of competition.” The memorandum provides examples of competition best practices, including reverse auctions, and requests specific feedback in year end reports.
July 1, 2008 The Power of Innovation: Online Procurement at CBPBy John Ely, for Contract Management Chief Acquisition Officer, John Ely, relates how procurement innovations dramatically improved process efficiencies at Customs and Border Protection and how other agencies can experience similar success in an article published in the July 2008 issue of the National Contract Management Association’s Contract Management magazine.
June 4, 2008 FBI Chooses FedBid for Commodity Buys FedBid, Inc. today announced that FBI has awarded FedBid a contract to provide the agency with reverse auction services through The Buyer-Driven Online Marketplace at www.FedBid.com.
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
October 12, 2006 DHS moves forward with reverse auctionsBy Brian Robinson, FCW
October 11, 2006 FedBid Wins 5-Year Contract with DHS for e-Commerce Services
September 25, 2006 GSA: Incubator for ChangeBy Neal Fox, Special to Government Computer News
August 8, 2006 Reverse auctions become a diplomatic tool: State Department stretches its budget with online buysBy David Hubler, GCN
August 1, 2006 Best Practices: Getting the Best DealBy Daniel P. Dern, StateTech
August 1, 2006 The Missing Link in Federal Procurement Evolution: Online Commercial Seller Rating Systems for Commodity BuysBy Luther D. Tupponce, for Contract Management
July 17, 2006 Kelman: Contracting is a balancing actBy Steve Kelman, FCW
June 15, 2006 Bidding WarsBy Kimberly Palmer, Government Executive
May 15, 2006 Online Government Auction Benefits Buyers and SellersBy Rita Boland, SIGNAL Connections
May 4, 2006 FEMA Testing Online Auctions to Improve Disaster Relief ProcurementBy Angela Kim, Congressional Quarterly
May 4, 2006 Testimony to the House Committee on Government ReformBy Neal Fox, Member of the FedBid Board of Advisors
May 2, 2006 Roots Grow Deeper for the Online Marketplace for Government
May 1, 2006 A Growing Method of Payment Evolves OnlineBy Dennis Fischer, for Contract Management
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
March 3, 2006 Dynamic strategic sourcing: More choices, lower pricesBy Neal Fox, Federal Times
February 20, 2006 IT Procurement in ReverseBy Joab Jackson, Government Computer News
January 5, 2006 FedBid Wins 5-Year Contract with GSA for e-Commerce Services
December 14, 2005 Venture Funding Strengthens FedBid’s Position As The Online Marketplace for Government
September 20, 2005 Kelman: Asking the Wrong Katrina QuestionsBy Steve Kelman, FCW
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 12, 2004 OFPP Encourages Use of Commercially Available Online Procurement ServicesRobert A. Burton, OFPP Associate Administrator
May 1, 2004 FedBid completes its 10,000th Reverse eAuction

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