Reverse Auctions

REVERSE AUCTIONS

Assure the pricing you are receiving is the lowest possible pricing
Live, real time graph tracking the bidders pricing
You can select to hide each bidder name or leave them for all to see
Allow only the vendors you pre-qualify and invite to the reverse auction or allow any interested party to participate

Eliminate the phone calls for public record requests
Eliminate the process of copying, packaging and mailing public request documents
Public records can automatically be posted with the push of a button
All of the information is captured throughout the bidding process and can be made available to the public to search and retrieve

Award to bidders on a line item basis
Can select one bidder per item or multiple
Can send vendor bid award information with the push of a button right from the system

Automatically compare the bids on a line item basis
Bid tabulation automatically created from the vendor electronic bid submittals
Eliminate the timely requirement to enter the bid information onto a spreadsheet to compare
With the selection of a single button have all of the bid information sorted to compare the vendor submittals

Eliminate the possibility of errors in transcribing the bid information
Automate the data entry for your bids and eliminate the time your employees have to re-enter the bid information
Central Bidding will automate the process of populating the bid information directly from your server to the electronic bid form.
You simply select the bid template and enter your unique bid identification information and all of the bid information pre-populates the necessary fields for the vendors.
You can even have your vendors automatically notified that you have released a bid and are looking for them to submit pricing, based on the commodity code the vendor submitted at registration.