Daily Archives: March 9, 2016

City Of Phila. Seeks To Implement Reverse Auction Bidding

March 9th, 2016 (No Comments)

The City of Philadelphia has issued a Request for Proposals (RFP) to implement a reverse auction bidding procedure for the purchase of certain supplies, equipment, services, and concessions in lieu of ordinary, sealed paper bids. In a reverse auction bidding, sellers compete with each other, in a dynamic, real time environment, until the lowest price is reached, thereby […]

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