Taxpayers, Small Biz Win with GSA’s ReverseAuction

Competition fuels savings. GSA ReverseAuction’s fiscal year 2014 performance is a testament to this principle.

How GSA Reverse Auctions work infographic
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GSA ReverseAuction: Year in Review

  • More than 21 agencies across government created 900 auctions and saved more than $6 million.
  • While 60 percent of the auctions were set aside for small business, agencies awarded more than 85 percent of the procurements conducted through ReverseAuctions to small businesses, totaling more than $19 million.
  • ReverseAuctions generated 23 percent savings off standard contract prices.

For more information, visit http://reverseauctions.gsa.gov/. For Buyer or Vendor training, contact ReverseAuctions@gsa.gov or visit gsa.gov/events for scheduled Reverse Auction training.