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U.S. Department of State - Great Seal

U.S. Department of State

Diplomacy in Action

Reverse eAuctions

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In 2002, the Department entered into a pilot program with FedBid, Inc.  to use a method of acquiring goods and services that was cost effective and would maximize competition. 

As a result of the success of reverse auctioning, the Department has saved over $15 million taxpayer dollars each fiscal year.  Small businesses firms regularly win more than 73% of the Department’s Reverse eAuctions worth approximately $92 million.  Products and services that have been reverse auctioned range from commercial vehicles to photographic services.



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