Reverse Auctions - Federal Government. 

        

The Defense Logistics Agency (DLA) conducts thousands of reverse auctions for billions of dollars every year.

The DLA calculates that they have saved over $1 Billion due to the reverse auction program put in place by Procurex.
Procurex provides the technology, support, training, reporting, and advice on strategies to maximize reverse auction usage and savings.

The DLA conducts more reverse auctions for more money than any US government agency.
Reverse Auctions generally amount to 7% of total government contracts, which comes to roughly $31.2 billion.
A GAO report found that Reverse Auctions saved government buyers 23%, while also improving transparency, collection of data, and reducing acquisition processing time and costs.

How does a reverse auction work?
In a reverse auction, the buyer ( a contracting officer) puts up a request for a required good or service.
Sellers then place bids for the amount they are willing to be paid for the good or service, and at the end of the auction the seller with the lowest amount wins.

Register for DLA REVERSE AUCTIONS

To review the details of Reverse Auction's Online and to notify the Buyer of your decision to participate, follow the steps below.

Instructions for participating in Reverse Auction events:

  1. From your web browser with an internet connection, access dla.procurexinc.com .
    Click on 'Log In' or register if you have not set up account..
  2. Enter your email address and password. If you do not know or forgot your password, click 'I forgot my password...' and follow the screens.
  3. Under the Procurex pull-down menu or under 'Seller' options on the home page, click on 'Accept/View/Bid In Events'.
  4. Click on the Event name shown above.
  5. Review the Auction details (items, terms, bidding date/time, parameters, etc), then click 'Continue'.
    To access any attached documents, click on the 'Terms and Conditions' link.
  6. Select 'I have read and agreed to the Terms & Conditions'.
  7. Select 'We will participate in the Auction , 'We will not participate in this Auction , or 'We will advise (I understand I have until the time bidding starts for this Auction to make my decision').
  8. Select Submit.
  9. For Procurex software related questions, click 'Help' or call the help desk phone line at 1-866-412-7161 option 1.
    Contact the buyer for any commercial questions about this bidding event.

At the designated time that bidding begins in this Auction, follow these steps:

  1. Log in to dla.procurexinc.com .
  2. Under the Procurex pull-down menu or under 'Seller' options on the home page, click on 'Accept/View/Bid In Events'.
  3. Select the Event name shown above. When the bid time has arrived, the Bidding screen is activated.
  4. Enter your bid in the 'Bid Price' area, click 'Preview My Bid' to verify it, and finally, click 'Place Bid' to submit your bid price. Once a bid has been placed, you can not increase your bid or delete bids already submitted. If you have made a bidding error by bidding too low, you must contact the buyer (click 'View Contact') via phone to request that they suspend the Event and retract your errant bid. After you click 'Place Bid,' the Auction Status window will automatically pop up. This screen shows your bid rank and any other vendor feedback data that the buyer has decided to show such as current low bid and reserve price met/not met. The Auction Status screen also shows the time remaining and other Event status information. Return to the Bidding Screen to submit a lower bid on any items. Click Refresh' on the Auction Status screen at any time to see real-time updated bid feedback. The Auction Status screen will auto-refresh every 30 seconds.
  5. If 'Automatic Extension' is a parameter for this Event, then any bid submitted in the last 5 minutes of the scheduled end time will cause the end time to extend 5 more minutes.
    This process will repeat until no additional 'late' bids are submitted.

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