What is FedBid’s role in the market?
As the online marketplace where government buys commodities, FedBid satisfies a growing niche within the public sector procurement community, while complementing existing tools such as GSAAdvantage!, GSA e-Buy, DOD EMALL, and GWAC vehicles such as GSA Schedules, NASA SEWP III and NIH ECS III. The $100 billion niche consists of public sector purchases that are over $2,500 in value, are available from multiple sources of supply, and are for commercial items (commodities). FedBid is designed specifically for the public sector environment and interfaces with mandatory systems such as www.FedBizOpps.gov and the Central Contractor Registration www.CCR.gov. FedBid enables users to compete and document their purchases under any of the following procurement scenarios: • Competition among members of an existing multiple-award contract supplier community (e.g., GSA Schedules, Blanket Purchasing Agreements, government-wide acquisition contracts, AbilityOne, etc.); • Competition for set-aside purch
