Latest Press Detroit Public Schools Get 19% Back for Students
Latest Press Score one for diversity and good business
Latest Press FedBid Names Vincette Goerl to Board of Advisors
Latest Press FedBid’s Big Plans
Latest Press Reverse Auctions: Welcome Back, FAR 13.5
Latest Press Executive Profile: Ali Saadat
FedBid was founded on the premise there’s a better way for organizations of all sizes to buy smart, save money and reduce risk on simple goods and services they buy every day.
Buyers use a simple and efficient Internet-based interface to enter the requirements of what they want to buy. FedBid’s market operations team manages the sourcing process—ensuring robust competition from multiple qualified Sellers. At the close of the buy, the Buyer receives all bidders’ pricing options to choose from, with full documentation.
FedBid’s fully-managed online marketplace is fair, ethical and transparent. It enables dynamic competition providing the best market pricing available at the time the buy is completed.
There is never any cost to the participating Sellers and no upfront cost to the Buying organizations.
A small transactional fee is collected only if and when an award is made. It’s a risk free way of doing business—with guaranteed results.