The General Services Administration announced Tuesday the launch of an online reverse auction platform where contractors supplying simple services and products compete to win business from federal agencies.
The site — reverseauctions.gsa.gov — can be used with a “good portion” of GSA’s multiple awards schedule, Federal Acquisition Service Commissioner Tom Sharpe said in a news release on the launch.
“Reverse auctions can drive down prices paid, reduce the total cost of acquisitions, and save time and precious acquisition resources for both government and industry,” Sharpe said.
With real time pricing, vendors will know where they stand in the auction process, but bidders’ identities aren’t visible to competitors, according to GSA, which noted the Navy is the first agency to use the platform. The online platform went live July 1.
Agencies can use reverse auctions on select GSA multiple awards schedules and blanket purchase agreements for products such as office supplies, tablets, laptops and monitors, as well as for simple services such as training and installation, GSA said.