FedBid reports new Commerce reverse auction contract

FedBid has disclosed its third reverse auction services contract from a Cabinet agency in three weeks with the newest award coming from the Commerce Department.

The contract with Commerce has one base year with four one-year options and continues services FedBid has offered to the department since 2012. FedBid reported a pair of reverse auction contracts with the Labor and Agriculture Departments in mid-April.

Commerce’s U.S. Patent and Trademark Office awarded the contract for all department bureaus and offices to acquire commodity goods and services.

Since 2012, the department has awarded nearly $83.6 million in contracts through the FedBid marketplace with 93 percent given to small businesses.

Vienna, Va.-based FedBid reports at least 90,000 sellers in its marketplace.

About the Author

Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at Follow him on Twitter: @rosswilkers. Also connect with him on LinkedIn.

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contracts DB