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Usage Jumps 1000% as Agencies Save With GSA’s Reverse Auction Tool

Over the past year, GSA’s government-developed and managed reverse auction platform (ReverseAuctions.gsa.gov) has seen amazing growth, with usage surging over 1000 percent from the first quarter of FY14 compared to first quarter of FY15. During that period, auction sales jumped from $737,000 to $10.8 million, with the total awarded auctions for small and large businesses equaling $24 million . GSA’s reverse auction platform is available for use by federal, state, and local government under the authorities of the Cooperative Purchasing and Disaster Purchasing Programs and delivers increased savings on the most commonly purchased products, equipment, and simple services, while also making it easier for small businesses to compete.

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