CONTRACTS

FedBid books Army reverse auction contract, 4th award in 2 months

FedBid has disclosed the firm's fourth contract for reverse auction services within the past two months with the newest reported award from the Army.

Vienna, Va.-based FedBid's recent streak of awards for commodity goods and services auctions has included the departments of Agriculture, Commerce and Labor. Including the Army, all four contracts cover one base year and four option years.

The Army has used FedBid's reverse auction platform for 12 years and awarded $3.2 billion in contracts through the company's marketplace. Seventy-percent of those contracts went to small businesses.

FedBid's marketplace has more than 90,000 sellers that compete to provide goods and services by underbidding each other.

About the Author

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

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • VIDEO: Explore the 2019 M&A Trends

    Editor Nick Wakeman interviews Kevin DeSanto of the investment bank KippsDeSanto about the highlights of their annual M&A survey and trends driving acquisitions in the federal space. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman and senior staff writer Ross Wilkers discuss the major news events so far in 2019 and what major trends are on the horizon. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.