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GSA Debuts Online Reverse Auction Service; Thomas Sharpe Comments

GSAThe General Services Administration has launched an online reverse auction tool for federal agencies to acquire information technology products and services.

Officials intend for the new service to increase opportunities for small businesses to bid on government business and improve transparency, GSA said Tuesday.

“Reverse auctions can drive down prices paid, reduce the total cost of acquisitions, and save time and precious acquisition resources for both government and industry,” said Thomas Sharpe, commissioner of the Federal Acquisition Service.

In a reverse auction, vendors compete to obtain business from an agency by lowering the prices of their offerings as bidding progresses.

Agencies can also utilize the web tool f0r certain multiple award schedules and blanket purchase agreements, GSA says.

The agency also noted that federal customers have saved up to 17 percent through reverse auctions.

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  1. Small Business has never been able to compete with the buying power of large business to offer huge volume discounts. Where is this a benefit?

  2. Glad to see the US government picking up on the clear benefits of using reverse auctions. The UK government have been using them for a while now and delivering fantastic savings. Market Dojo have a number of customers in the public sector, such as Bedford Borough Council who saved a staggering $400,000 on an investment in the auction software of just $775. There are clearly some very significant savings that can be had, enabling public money to be spent in other areas such as health and social benefits.

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