# Presentation: 695661

## IT Industry Government Council (ITIGC)

**Presented to:**
**IT Industry Government Council (ITIGC)**
**November 2006**** **

***The Online Marketplace For Government***

## FedBid is ...

**FedBid is ...**

**... ****a buyer driven, online marketplace for public sector acquisition of commodities, including products and simple services, using a dynamic reverse auction approach**
**... ****used to compete purchases of commodities, including computer products, security gear, office supplies, tools, and laboratory supplies and equipment **
**... ****utilized by dozens of federal organizations worldwide, which have posted over $500 million dollars worth of requirements**
**... ****used by agencies for their strategic sourcing initiatives as a dynamic strategic sourcing tool**
***“******FedBid is like eBay in reverse for government.”***
**	****	****	****	****                   ****Dr. Steve Kelman, Former OFPP Administrator**

## FedBid is used by ...

**... ****dozens of federal organizations, including:**

**Department of Transportation**
**Department of Treasury**
**Department of Veterans Affairs**
**Environmental Protection Agency**
**Federal Deposit Insurance Corporation**
**General Services Administration**
**National Aeronautics & Space Administration**
**National Gallery of Arts**
**National Transportation Safety Board**
**Securities and Exchange Commission**
**Social Security Administration**
**U.S. Agency for International Development**

**Congressional Budget Office**
**Department of the Air Force**
**Department of the Army **
**Department of Commerce**
**Department of Defense**
**Department of Energy**
**Department of Health & Human Services**
**Department of Homeland Security**
**Department of Justice**
**Department of Labor**
**Department of the Navy**
**Department of State**

## Process and Benefits 

**Improves buyers’ compliance with Federal Acquisition Regulations**
**Helping to ensure “*****the consistent use of fair and open competition*****”**
**Providing enhanced documentation for all competition and bidding information**
**Reducing the cost of goods purchased with reverse auction bidding**
**Decreasing buyer workload by streamlining the bidding process**
**Enabling sellers to submit multiple bids with real-time competitive ranking **
**Improving small and minority business utilization **
**Performing seller recruitment and support services**
**Providing additional acquisition support services for active contracting shops**

**Process and Benefits **

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**Buyer / Sellers**
**Register**

**Req’t**
**Posted**

**Sellers Receives eMail**

**Seller**
**Submits**
**Bids**

**Buyer Evaluates Bids**

**Buyer Makes Selection**

**Seller Notified**

## How Agencies Use FedBid

**GSA Schedules only**
**GWAC / BPAs specific contracts (NIH ECS III, NASA SEWP III, etc.)**
**>$25K full & open commercial competitions through FedBizOpps.Gov**
**Set-aside ****competitions through FedBizOpps.Gov**
**Small business set-aside**
**HUB zone set-aside**
**Small disadvantaged business set-aside**
**8(a) business set-aside**
**Service Disabled Veteran Owned**
**<$25K GSA Schedules preferred, open market bids acceptable**

**How Agencies Use FedBid**

## Tangible Results ...

**Independent Government Estimate****	**** $ 2,625,380****	****$ ****281,931,494**
**Final awarded price                            ****	**** $ 2,262,458****	****$ ****242,574,962**
**NET savings in dollars                                       ****	**** $ 362,922****	****$ ****39,384,232**
**NET savings percentage****	**** 13.82 %****	****13.97 %**** **
**Average number of firms bidding ****	****5.9****	****6.2**
**Average number of bids per auction****	****14.4****	****15.1**
**Vendors placing no bid per auction****	****59.3****	****53.51**
**% of dollars going to small businesses****	**** 75.15 %****	****75.17 %**
***... ******Plus valuable time saved, from the buyer’s perspective.***

**Tangible Results ...**

## No Risk ... Guaranteed Results

**Endorsed by OFPP and the Congressional HGRC, available on GSA Schedule, and adopted by 24 federal organizations**
**FedBid users incur NO upfront investment, license fees or maintenance costs**
**FedBid receives a transaction fee of not more than 3%, which is included in the bid price of the seller**
**Buyer selects a seller’s bid ONLY if the buyer finds it to be advantageous**
**Buyer sets the terms for success and may cancel procurements at any time without incurring any transaction fee**
**FedBid invoices seller for the transaction fee portion of the award**

**No Risk ... Guaranteed Results**

## Contact Information

**Senior Vice President****	****Vice President**
**Phone: 703.738.6858****	****Business Development**
**Cell: 703.244.9725****	****Cell: 301.325.4040 **
**john.lee@fedbid.com****	****barrie.kydd@fedbid.com**

**Contact Information**