What is FedBid? It is a reverse auction site being used by the State and Federal Governments to procure commercial items.  IT IS FREE to contractors!  http://www.fedbid.com/

FedBid is a multi-billion dollar online marketplace where government and business buyers can access a managed, global network of qualified sellers at the touch of a button. The FedBid buyer-powered marketplace utilizes a reverse auction model that connects buyers with the most competitive sellers of commodity goods and simple services. To date, thousands of public sector and commercial Buyers have used FedBid to increase efficiency, drive competition, and save hundreds of millions of dollars.

As the online marketplace where government buys commodities, FedBid satisfies a growing niche within the public sector procurement community, while complementing existing tools such as GSAAdvantage!, GSA e-Buy, DOD EMALL, and GWAC vehicles such as GSA Schedules, NASA SEWP III and NIH ECS III. The $100 billion niche consists of public sector purchases that are over $3,000 in value, are available from multiple sources of supply, and are for commercial items (commodities). FedBid's design specifically addresses the public sector environment and interfaces with mandatory systems such as www.FedBizOpps.gov and the System for Award Management  www.SAM.gov. FedBid enables users to compete and document their purchases under any of the following procurement scenarios:

·Competition among members of an existing multiple-award contract supplier community (e.g., GSA Schedules, Blanket Purchasing Agreements, government-wide acquisition contracts, AbilityOne, etc.);

·Competition for set-aside purchases among suppliers within a particular socio-economic classification (e.g., Small Business, HUB Zone, Small Disadvantaged Business, 8(a) Business, and Service Disabled Veteran-Owned Business); or

 ·Competition among interested registered suppliers utilizing automated data feeds to FedBizOpps.gov for synopses, as required.

 FedBid is a privately held company that provides an online marketplace where government buys commodities. FedBizOpps (FBO) is a government-run, online bulletin board. However, FedBid does maintain automated feeds to FBO in order to enable federal government Buyers to meet FAR requirements regarding opportunity notification.

 What is a Reverse Auction?

A Reverse Auction is competitive process in which a Buyer solicits Bids from Sellers during a period of time set by the Buyer. During the Reverse Auction, Sellers have the opportunity to submit a single Bid or multiple Bids that decrease in price. On FedBid, Sellers do NOT see competitors' names or prices but do see a Bid Status of either LEAD or LAG, depending on their Bid Price.

Contact WPI staff for additional information or assistance at info@wispro.org or 414-270-3600 or go to the FedBid website www.fedbid.com