The expanded use of online reverse auctions is creating significant cost savings for taxpayers and major efficiency improvements for federal contracting officials, according to a survey released in ...

Last Thursday, fcw.com reported that the Veterans Affairs department's headquarters procurement shop had ordered a temporary halt to use of reverse auctions by the Veterans Health Administration (VHA) ...

OFPP Administrator Anne Rung's memo promises to work with agencies to gather information to help build a digital library on reverse auctions. The Office of Federal Procurement Policy has issued ...

Lawmakers are marshaling arguments to restrict the contracting tool called a reverse auction, criticizing agency reliance on a practice dominated by a single private firm at a Thursday hearing of the ...

FORT BELVOIR, Va., Nov. 19 (UPI) -- The U.S. Defense Logistics Agency says it saved more than $1.6 billion in materiel costs over the past 14 months using a reverse auction procurement process.

In an era of new innovations and strategies, legal operations and procurement leaders have used novel tactics to reduce spend while simultaneously increasing the quality of legal work. But one tactic ...

Every so often, innovations come along that are proclaimed to be the best thing since sliced bread. They promise to make old processes easier, old methods less costly, and old ways of doing business ...

REVERSE AUCTIONS MAY seem a consumer-centered technology, but savvy businesses are discovering that by allowing buyers, contractors, and service providers to bid prices down, they save more than just ...