| Buyer: |
Tulane University |
| Asset: |
Mid Sized Bus |
| Supplier: |
4 - three sourced by BidBridge |
| Length of Bid: |
51 minutes |
| Total Bids: |
55 |
| First Place Turnovers: |
18 |
| Savings vs Budget: |
24.6% |
Tulane University hosted an online reverse auction through BidBridge for one new mid sized bus. Three out of the four bidding suppliers were sourced by BidBridge. Had Tulane decided to use a static paper bid process, it would have only allowed one bid per supplier. The dynamic real-time reverse auction generated 55 total bids with the first place bid exchanging hands between the various suppliers a total of 18 times.
