Reverse Auctions and Federal Agency Use

ISBN: 9781631176470 出版年：2014 页码：81 Rheanna Buckley Nova Science

Reverse auctions are one tool used by federal agencies to increase competition and reduce the cost of certain items. Reverse auctions differ from traditional auctions in that sellers compete against one another to provide the lowest price or highest-value offer to a buyer. This book examines what agencies are buying through reverse auctions and trends in their use; how agencies are conducting reverse auctions; and the extent to which the potential benefits of reverse auctions are being maximized.