GSA to close down reverse auction platform after 5 years
After five years, experts say General Services Administration’s tool never did enough to meet customer’s specific acquisition needs.
FedBid is back in the federal market. The Air Force announced it has lifted the suspension and stopped the debarment process for the reverse auction vendor….
FedBid and the Air Force came to an agreement to end the reverse auction company’s stay from bidding on new contracts. FedBid must implement and maintain a code of business and ethics conduct program and have a third party report on its efforts for a year. Additionally, Ali Saadat, the founder and former CEO of FedBid, resigned on Feb. 5.