Electronic Sealed Bids (ESB) with Reverse Auction

Why limit yourself to one price per supplier in the traditional sealed bid process?

Electronic Sealed Bids with Reverse Auctions have proven to be among the most valuable tools available to purchasing professionals as they endeavor to achieve true market value for their transactions. Until BidBridge, these tools were often out of reach for most organizations due to the significant up-front cost of software, its corresponding hardware and software requirements and the in-house expertise required to create successful results. For many organizations, these obstacles put the advantages of eProcurement and reverse auctions far from reach and the only option was to continue the use of the traditional paper sealed bid despite its limitations. Team BidBridge attacks these obstacles and delivers purchasing professionals the advantages of reverse auctions to create dynamic bidding results through:

• A web-based solution, meaning there is no software or hardware to install
• A simple to use platform backed with real-time support from accredited purchasing professionals
• Strategically sourced suppliers submitting more sealed bids in a competitive event
• An easy, time-efficient, rewarding process that yields direct results
• The flexibility to award based on best value or lowest price
• The buyer remains in total control of the bid process
• Notification of new opportunities for suppliers
• No direct cost to the buyer

Partnering with Team BidBridge delivers your organization a suite of services and tools that delivers more qualified suppliers providing more qualified bids, a documented audit trail for compliance, the convenience of instantaneous bid tabulation and historical savings of 13.5% versus budget – all at no direct cost to the buyer.

How do you learn more? The rewards of BidBridge ESB with Reverse Auction begin as soon as you register!