FedBid

Reverse Auctions Ready for Prime Time

July 1, 2007

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.