Senate Panel Urges Pentagon To Utilize Reverse Auctions

Law360, New York (June 6, 2012, 7:11 PM EDT) -- The Senate Armed Services Committee on Tuesday urged the military to expand its use of reverse auctions to purchase commodities and simple services, saying not only can they cost less, but they can stimulate competition and provide business to small companies.

The committee's recommendation came in a report on the 2013 National Defense Authorization Act, in which it noted that there has been an uptick in the military's use of online reverse auctions for basic services, and that it should continue doing so whenever it would...
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