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.
- ISBN10 1631176471
- ISBN13 9781631176470
- Publish Date 1 June 2014
- Publish Status Unknown
- Publish Country US
- Imprint Nova Science Publishers Inc
- Format Paperback
- Pages 60
- Language English