Reverse Auction/eProcurement Provider Promotes Competition, Saves Taxpayer Dollars LOUISVILLE, Ky., June 3 /PRNewswire/ -- BidBridge, an eProcurement services provider for the public and private sectors, today announced that a recent construction bid performed on behalf of the city of Norton, OH concluded by saving 14.5 percent versus Norton's budget and logged a separation of .17 percent between first and second place suppliers - a strong indicator the city purchased services at near market value. BidBridge facilitates a secure, real-time electronic sealed bid platform that allows suppliers to place multiple bids, replacing the public sector's traditional process of a one price per supplier response. In this event, the suppliers placed a total of 207 bids over the course of the two hour event, with first place changing hands 108 times. The bid took place on April 30 between five competing construction companies. "In this instance, Norton's relationship with BidBridge saved the city close to $200,000," said Rick Ryland, City Administrator for Norton. "With BidBridge, the city of Norton has been able to allocate money more efficiently, allowing us to effectively undertake several large construction projects."
