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…
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