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Reverse Auctions and Federal Agency Use

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Reverse Auctions and Federal Agency Use Synopsis

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 maximised.

About This Edition

ISBN: 9781631176470
Publication date:
Author: Rheanna Buckley
Publisher: Nova Science Publishers an imprint of Nova Science Publishers, Inc
Format: Paperback
Pagination: 60 pages
Series: Government Procedures and Operations
Genres: Constitution: government and the state

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