GSA’s Reverse Auction Platform May Present Difficulties

Law360, New York (September 23, 2013, 6:24 PM EDT) -- In 2000, David C. Wyld, C.E. Laborde professor of management at Southeastern Louisiana University and founder of the Reverse Auction Research Center, published an initial report on the potential of reverse auctions as a government cost-saving tool. Reverse auctions enable sellers to “bid down” prices for their goods and services and are increasingly becoming a procurement method of choice by the federal government. Wyld has estimated that use of these procurement techniques would result in as much as $8.9 billion in savings across the federal government....
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