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Reverse Auctions: Additional Guidance Could Help Increase Benefits and Reduce Fees

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Report Type Reports and Testimonies
Report Date July 18, 2018
Release Date July 18, 2018
Report No. GAO-18-446
Summary:

To buy goods or services, the government sometimes uses "reverse auctions" where vendors bid against each other with lower prices to win a contract.

We found reverse auctions often led to a vendor bidding more than once with a lower price, and may have saved the government up to $100 million in 2016. They also were easy to use.

However, most contracting officers we interviewed did not fully understand the fees they paid to use reverse auctions. Agencies we reviewed indirectly paid $3 million in fees when a free alternative was likely available.

We made 21 recommendations, including that agencies inform contracting officials about fees.

Example of Indirect Fee Payment Process for Reverse Auctions

This graphic shows how fees are added to bids and paid in reverse auctions.

This graphic shows how fees are added to bids and paid in reverse auctions.

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