Recent succesful bidders:
show all
Name: Notebooks / Value: 3,230 Eur / Location: Bratislava (SVK) / Keyword: hardware, laptops, Bratislava, Stare Mesto Name: Limousine Services / Value: 10,890 USD / Location: New York (U.S.) / Keyword: VIP transport, taxi, limousine services, NYC Name: Car insurance / Value: 2,500 SEK / Location: Lulea (SWE) / Keyword: Insurance, Sweden Name: Office Stationery / Value: 98,295,284 IDR / Location: Bengaluru (India) / Keyword: Letters, envelopes, toners, office equipement, Bengaluru, Karnataka Name: Glass wine bottles / Value: 862,160 CNY / Location: Shadong (China) / Keyword: Glass containers, glass wine bottles, glass jar, China Name: Translation Services / Value: 37,792 PLN / Location: Krakow (Poland) / Keyword: Official language translation services, Krakow Name: Roof tiles / Value: 49,954 HRK / Location: Brela (Croatia) / Keyword: Tiles, building materials, Croatia, Split Name: Legal Counsel / Value: 68,500 Eur / Location: Cagliari (Italy) / Keyword: Legal advisory, law services, legal counsel, Italy, Sardegna Name: Long-term hotel accomodation / Value: 149,600 Eur / Location: Munich (Germany) / Keyword: Hotel accomodation, hotel services, Munich, luxury hotels Name: Car rental services / Value: 25,320 USD / Location: San Rafael (Argentina) / Keyword: Car rental, passenger car, leasing Name: Heavy truck tires purchase / Value: 1,156,500 RUB / Location: Krasnogorsk (Russia) / Keyword: Truck tires, Krasnogorsk, Moscow district Name: Mobile Devices / Value: 4,540 USD / Location: Pittsburg (U.S.) / Keyword: Mobile devices and accessories, Pittsburg, Samsung Galaxy S6

It is like an eBay of Washington, a well-appointed and well-connected online marketplace for lucrative government contracts.

Deals for everything from pens to pesticides, from painting offices to performing autopsies — all that and more is up for grabs on FedBid, a fast-growing private company that has positioned itself at the profitable nexus of government and business.

Financed by an investment company connected to Stephen M. Case, of AOL fame, and Ted Leonsis, majority owner of the Washington Wizards, FedBid has assembled a roster of Beltway insiders to promote an unusual approach to how contracts are meted out. Its latest big hire is Joseph Jordan, who was until recently head of procurement policy for the Obama administration.

Through FedBid, government agencies use “reverse auctions” — in which the lowest bid wins, rather than the highest — to decide who is awarded contracts. In theory, the process can save money for taxpayers by encouraging businesses to offer the best possible prices. In practice, it also makes a lot of money for FedBid, which can collect fees from the winning bidders who, in turn, pass those costs to the government.

Read more at: http://www.nytimes.com/2014/04/07/business/reverse-auctions-draw-scrutiny.html?_r=0

Source: A version of this article appears in print on April 7, 2014, on page B1 of the New York edition with the headline: ‘Reverse Auctions’ Draw Scrutiny.

By: DANIELLE IVORY / APRIL 6, 2014

Said about bestauction

  • kozi vrsok

    Martin Gracka, CEO and founder

    Great businness helper

    We designed Bestauction.com to inspire you and drive your business performance to a higher level.

  • kozi vrsok

    Peter Ondrus, Brandsupport.sk

    Great businness helper

    Simple to use. More intelligence than you can imagine.