A growing sector in public procurement, reverse auctions lower costs for government agencies through direct competition among auction vendors.
Are agencies using GSA reverse auctions? Absolutely! Corps of Engineers Huntsville established a policy that all commodity buys must be evaluated for reverse auction acquisition during the market research phase. The Department of the Navy’s Naval Supply Systems Command (NAVSUP) and the US Marine Corps signed an MOU to utilize GSA reverse auctions to increase the speed and agility of their acquisition processes. Other agencies utilizing GSA reverse auctions are the Departments of Homeland Security, Army, Air Force, and Justice.
Want to learn more about GSA reverse auctions? Go to GSA’s demo site here: https://reverseauctionsdemo.gsa.gov/