Fedbid Reverse Auction News

Federal Computer Week published an insightful article this week about reverse auction sites such as Fedbid.com.

Matthew Weigelt follows up on his prior report on use of reverse auctions by the federal government with an in-depth look at their application in the State Department. According to State’s director of acquisition management, Cathy Read, agency officials must consider tools like reverse auctions or they won’t be able to adjust to the ongoing need to reduce the cost of government operations: Reverse auctions: A bid for budget-conscious business

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