GSA’s reverse auction platform is changing the way federal agencies buy and contractors compete through FSS programme
This summer, the General Services Administration (GSA) launched a new online ‘eTool’ that enables federal agencies to use a reverse auction process to procure basic commodities and services.
The platform, ReverseAuctions.gsa.gov/, allows suppliers to bid competitively for government-contracting opportunities in real time, with the lowest bidder generally securing the work.
While GSA has used third-party vendors, including Fed Bid Inc, to conduct such auctions in the past, this is the first large-scale reverse auction programme run by the government. This auction approach — which is essentially a lowest-price, technically acceptable (LPTA) procurement with the pending low price visible to competitors during the course of the competition — has the potential to significantly affect the way that federal agencies purchase products and services through the Federal Supply Schedule (FSS) programme…
If you are registered and logged in to the site, click on the link below to read the rest of the Hogan Lovells briefing. If not, please register or sign in with your details below.
News from Hogan Lovells
News from The Lawyer
Briefings from Hogan Lovells
The decision of the US Court of Appeals has raised questions about how issuers should present their disclosures on conflict minerals under Exchange Act Rule 13p-1 and Form SD.
An interesting judgment was delivered by the Honourable J Majiki on 19 November 2013 in the Eastern Cape High Court, Port Elizabeth.
Analysis from The Lawyer
As international firms question their future in these small, closely linked markets, local lawyers too are eyeing the business environment with caution
Beyond the headline infrastructure projects, UK construction work is still recovering from the clobbering it took during the slump