News for Buyers
- April 2, 2013
FedBid SVP, Federal, Doug Stuck, on History and Trends in Federal Government and Sequestration
This Washington Exec profile of FedBid Senior Vice President of Federal, Doug Stuck, offers insight on who inspired him to grow into the senior leader he is today, what brought him to FedBid over a decade ago and what continues to drive his passion for the company. Through his interview, he also offers specifics on some of FedBid’s current success stories and upcoming expansion into new markets.
- March 11, 2013
FedBid’s Big Plans
By: Tania Anderson
This TECH BISNOW FedBid profile piece delivers a behind the scenes peek at FedBidders in action, while providing an insightful overview on how our business model, operations and growing marketplace work to save $millions for registered Buyers and bring real opportunities to registered Sellers. The article also provides a sneak preview at FedBid’s “Big Plans” to save $millions for commercial, state and local and education Buyers.
- February 14, 2013
Reverse Auctions: Welcome Back, FAR 13.5
By Dr. Steve Kelman
The latest post on Dr. Kelman’s Lectern blog on FCW.com examines the return of 1990’s procurement reform efforts focused on streamlining procedures for smaller buys and contracts for commercial items. Specifically, in 1994 a test program was established to allow the use of the simplified procedures for smaller purchases up to a $5 million buy (later raised to $6.5 million) if the government was buying a commercial item. The test program was regularly renewed by Congress, but never made permanent. Then, in 2011 it was not renewed (stories differ about whether this was an oversight or a conscious decision). However, in this year’s DOD authorization bill, the test program has been reborn (though again extended for two years, not made permanent). So now agencies once again are able to use these simplified procedures—allowing them to move faster in making off-the-shelf product and service purchases.
- January 25, 2013
Executive Profile: Ali Saadat
By Emily Mekinc
“I’m a number guy…I see numbers the way that is not common for others to see. If you give me a set of numbers, I have a story on it,” said FedBid founder and CEO in this January 2013 Washington Business Journal Executive Profile spotlight interview. Saadat started his first computer services business in the early 1970s in Tehran, Iran and has since, led and built numerous information technology and Internet companies, including FedBid. Reporter Emily Mekinc’s interview offers insight on Saadat’s personal and professional background while delivering details on FedBid’s corporate history and his vision for the company’s future.
- January 7, 2013
Reverse Auctions: Creating Winners through Acquisition Innovation
By Dr. David Wyld
This NCMA Contract Management article examines how reverse auctions produce savings for innovative organizations that utilize them—including dozens of federal agencies—as well as opportunity for suppliers to build their businesses by successfully competing—and winning—in the competitive bidding environment. The case for reverse auctions is proven through a series of success stories featuring federal government agencies leading the way in effectively adopting reverse auction-driven business-to-business, e-commerce technologies as a spend management solution, and the perspectives of the trailblazing leaders behind those success stories. The article also dispels myths that persist about reverse auctions while demonstrating that encouraging reverse auctions is vital to making government acquisition better, faster, and cheaper.
- November 29, 2012
Ted Leonsis: FedBid saves governments & companies 10-12% on their procurement
By John Koetsier
This insightful VentureBeat interview with renowned entrepreneur and technology innovator; Monumental Sports Founder and Owner, Revolution Growth Partner and FedBid Board Vice Chair, Ted Leonsis, spotlights the story behind Revolution Growth’s investment in FedBid—focusing on where the company’s been, where it’s going and how it’s built a healthy, successful online B2B marketplace through its double bottom-line business model. Throughout, Ted highlights specific federal government and private sector savings and efficiency successes, including Detroit Public Schools’ recent adoption of FedBid as an indirect spend management solution, which has already saved the district nearly $200K and is projected to save as much as $3M from its procurement budget.
- November 25, 2012
Brookings Governance Report: Building an Innovation-Based Economy
By Darrell West, Allan Friedman and Walter Valdivia
This critical report from the Brookings Institution examines and offers recommendations on ways to reform the U.S. economy, improve public sector performance, and train people for 21st century jobs. Findings were gained through live workshops and crowd-sourced input from several hundred experts around the country in the areas of innovation, technology and economic development. Amongst its important recommendations, the report stresses that:
“We need policy shifts that encourage the purchase and adoption of technology innovation in the public sector. We should ensure that local, state, and federal government procurement processes are fair, open, and transparent so that public agencies get the best products at the lowest possible prices. Agencies should be empowered to make the best acquisition choices possible, and build on successes across agencies. We should reform government procurement to include reverse auctions for goods and services. Reverse auctions and the RFP-EZ program help small businesses get government contracts and diversify the supply chain.”
- November 6, 2012
FedBid—Saving $ for Government and Transforming Procurement in Detroit’s Public Schools (Part 3)
By Thomas Kase
In this final installment of Spend Matters’ comprehensive series exploring Detroit Public Schools’ (DPS) successful adoption of FedBid to manage indirect spend, Principal Analyst, Thomas Kase, offers overall insight on how FedBid’s fully-managed online marketplace works— including details on FedBid’s fee structure and the services provided as part of the DPS engagement. The series concludes with final summations, observations and recommendations on FedBid’s overall market position.
- October 16, 2012
FedBid—Saving $ for Government and Transforming Procurement in Detroit’s Public Schools (Part 2)
By Thomas Kase
In this, the second of a three-part article series on Detroit Public Schools’ (DPS) recent successful adoption of FedBid as a tail spend management solution, SpendMatters Principal Analyst, Thomas Kase, examines
the backstory of DPS procurement’s trailblazing efforts.
- October 11, 2012
FedBid—Saving $ for Government and Transforming Procurement in Detroit’s Public Schools (Part 1)
By Thomas Kase
In this first of a three-part article series on Detroit Public Schools’ recent successful adoption of FedBid as a tail spend management solution, SpendMatters Principal Analyst, Thomas Kase, offers a comprehensive introduction to the company—highlighting core functions and benefits. He notes that while FedBid has grown the federal spend they touch to over $2 billion in 2012, the company is also a supplier diversity success story, with the vast bulk (over 75%) of spend being awarded to SMWBEs (Small, Minority- or Woman-owned Business Enterprises). He also notes that FedBid is now heading into state, local and even commercial sector engagements.