Tangible Results
FedBid’s Value Proposition for Sellers
…Smarter Selling
By helping to ensure Buyer regulatory compliance, FedBid facilitates a fair and open procurement process, resulting in fewer sole-sourced awards, providing easy access to the public sector marketplace and leveling the playing field for businesses of all sizes. With push notification, FedBid improves opportunity awareness and lowers sales costs, enabling Sellers to pursue increased numbers of business opportunities. In addition, as with Buyers, FedBid Sellers are able to save a substantial amount of time over the length of the buying process, thereby increasing the number of procurements in which they can participate, whether through FedBid or otherwise. For Sellers, FedBid:
- Improves Opportunity Access - FedBid centralizes information and, using seller-defined criteria, proactively contacts sellers when opportunities arise
- Reduces Costs per Sale - FedBid enables Sellers to use minimal resources to pursue each opportunity and compete for business
- Saves Time - FedBid makes it easy to compete through a single, user-friendly, web-based portal that can be utilized anywhere in the world with Internet access
- Improves the Competitive Process - FedBid facilitates a regulatory-compliant, fair and open procurement process that levels the competition playing field for Sellers of all sizes
Spotlight Federal Small Business Utilization:
During fiscal year 2009, government agencies using FedBid compiled the following results associated with socio-economic goal attainment or “small business utilization”:
- 85.9% of dollars awarded were to small businesses.
- 23.7% of dollars awarded were to minority-owned small businesses
- 25.3% of dollars awarded were to woman-owned small businesses
Spotlight Unified Access to Federal Commodity Buys:
With increased activity from Federal agencies such as the Department of Homeland Security and DoD, combined with system interfaces with FedBizOpps.gov and Buyer contract writing systems, FedBid Sellers have seen a large increase in the average number of Buyers and buys.