Reverse auction saves city $61K

The city of Daphne recently saved around $61,000 by modifying its traditional project bidding process to an electronic bidding platform, using BidBridge, which allows for reverse auctions and claims true-market values

The city budgeted $235,000 for the purchase of new trash bins, according to the city’s senior accountant, Suzanne Henson; the awarded bid came in at $174,000.

The reverse auction process allows suppliers to place multiple competitive bids, a change from the traditional “one price per vendor” scenario.

Reverse auction saves city $61K