FedBid Automates Recovery Act Compliance
April 15, 2009
VIENNA, VIRGINIA, April 15, 2009 - FedBid, Inc. today announced the addition of a new marketplace feature that automates the Government’s ability to track Recovery Act dollars used for commodity and simple service procurements through the FedBid online marketplace. The feature’s check-box functionality automatically tags buys in the FedBid system that are utilizing Recovery Act dollars and provides compliant Recovery Act data feeds to FedBizOpps at the buyer’s option.
“FedBid’s rapid development of this critical feature demonstrates our unparalleled commitment to understanding and meeting the unique needs of our customers,” said a FedBid spokesperson. “By using FedBid, Government buyers can not only maximize process efficiencies, cost savings and small business utilization, but also effortlessly track every Recovery Act dollar they spend on commodities and simple services. Combined with FedBid’s existing capabilities, this feature provides buying organizations complete transparency into their buying efforts, enabling them to better manage taxpayer dollars.”
ABOUT: FedBid, Inc.
FedBid, Inc. provides FedBid® online procurement services through The Buyer-Driven Online Marketplace® at www.FedBid.com. Focusing on federal, state and local government agencies and associated prime contractors, www.FedBid.com is the leading online marketplace for public sector acquisition of commodities, from computer products, security gear and office supplies to tools, laboratory supplies and equipment and simple services. To date, thousands of procurement professionals at dozens of public sector organizations, including DHS, DoS and DoD, have used FedBid to procure $billions worth of commodities and simple services from tens of thousands of businesses around the U.S. For more information, visit FedBid online at www.FedBid.com or call (877) 9FEDBID.