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FedBid, Inc. | 8500 Leesburg Pike Suite 602 | Vienna, Virginia 22182 | p: 877.9.FEDBID | f: 703.244.8722 | www.FedBid.com Presented to: IT Industry Government.

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Presentation on theme: "FedBid, Inc. | 8500 Leesburg Pike Suite 602 | Vienna, Virginia 22182 | p: 877.9.FEDBID | f: 703.244.8722 | www.FedBid.com Presented to: IT Industry Government."— Presentation transcript:

1 FedBid, Inc. | 8500 Leesburg Pike Suite 602 | Vienna, Virginia 22182 | p: 877.9.FEDBID | f: 703.244.8722 | www.FedBid.com Presented to: IT Industry Government Council (ITIGC) November 2006 The Online Marketplace For Government

2 1.877.9.FEDBID | www.FedBid.com The Online Marketplace for Fair and Open Competition FedBid is … … a leading online marketplace for public sector acquisition of commercial items, providing a variety of online procurement services, including, for sellers, opportunity access as well as training and support services … used to compete purchases of commodities, including computer products, security gear, office supplies, tools, and laboratory supplies and equipment … the procurement tool of choice for dozens of federal contracting offices worldwide that have posted over $500 million dollars of requirements Federal contracting offices are forecasted to post over one billion dollars of requirements in FY07 on the FedBid online marketplace

3 1.877.9.FEDBID | www.FedBid.com The Online Marketplace for Fair and Open Competition … dozens of federal organizations, including: FedBid is used by … nDepartment of Transportation nDepartment of Treasury nDepartment of Veterans Affairs nEnvironmental Protection Agency nFederal Deposit Insurance Corporation nGeneral Services Administration nNational Aeronautics & Space Administration nNational Gallery of Arts nNational Transportation Safety Board nSecurities and Exchange Commission nSocial Security Administration nU.S. Agency for International Development nCongressional Budget Office nDepartment of the Air Force nDepartment of the Army nDepartment of Commerce nDepartment of Defense nDepartment of Energy nDepartment of Health & Human Services nDepartment of Homeland Security nDepartment of Justice nDepartment of Labor nDepartment of the Navy nDepartment of State

4 1.877.9.FEDBID | www.FedBid.com The Online Marketplace for Fair and Open Competition How does FedBid work … Buyer / Sellers Register Req’t Posted Sellers Receives eMail Seller Submits Bids Buyer Evaluates Bids Buyer Makes Selection Seller Notified Submitting a Bid: n After reviewing Buy specifications, click ‘Place Bid’. n Enter general bid information, including bid description, seller internal reference number information, acknowledgement of compliance with buyer’s contract request and Buy terms, and click ‘Continue’. n Enter pricing data, including all pricing and line item description responses, and click ‘Continue’. n Review the Bid Confirmation Page then click ‘Submit Bid’. n View immediate Bid Status of ‘LEAD’ or ‘LAG’.

5 1.877.9.FEDBID | www.FedBid.com The Online Marketplace for Fair and Open Competition n Increases access to more government buyers and agency opportunities n Ensures “the consistent use of fair and open competition” n Requires NO upfront investment, subscription fees or maintenance costs n Provides electronic notification of bid status n Enables efficient electronic responses to bid requests n Automates re-bids and provides real-time competitive ranking n Provides published award information n Provides seller training and support services Sellers use FedBid because it …

6 1.877.9.FEDBID | www.FedBid.com The Online Marketplace for Fair and Open Competition n Addresses Regulatory Compliance Concerns – Buyers must ensure regulatory compliance and prevent waste or misuse of taxpayer dollars n Eases Budgetary Pressures – Public sector Buyers must do more with less money Reduces Time Pressures – Buyers must satisfy increasing government purchase needs with fewer procurement personnel n Increases Small Business Utilization – Buyers must meet or exceed government small business utilization thresholds n Provides Accessibility and Ease of Use – Buyers need a procurement tool that is effective and extremely easy to use Buyers use FedBid because it…

7 1.877.9.FEDBID | www.FedBid.com The Online Marketplace for Fair and Open Competition Buyers are using FedBid in the following scenarios, either to compete requirements through a "request for bid" process or to evaluate pricing through a “Two Step" request for proposal process: n Buyers compete orders among multiple-award schedule contract holders n Buyers compete orders among "agency specific" multiple-award contract holders n Buyers compete orders among specific set-aside seller communities n Buyers compete "open market"/commercial purchases among interested commercial sellers who are registered in the CCR How Buyers are using FedBid …

8 1.877.9.FEDBID | www.FedBid.com The Online Marketplace for Fair and Open Competition Online Services Model: n Endorsed by OFPP and the Congressional HGRC, available on GSA Schedule, and adopted by dozens of federal organizations n FedBid users incur NO upfront investment, license fees or maintenance costs Buyer sets the terms for success n Buyer selects a seller’s bid ONLY if the buyer finds it to be advantageous n FedBid receives a transaction fee, which is included in the bid price of the seller n Seller receives payment from the Buyer, including the FedBid Fee, and FedBid invoices Seller for the FedBid Fee portion of the award No Risk … Increased Access

9 1.877.9.FEDBID | www.FedBid.com The Online Marketplace for Fair and Open Competition John LeeGeoff EdwardsLu Tupponce Senior Vice PresidentDirector, Market OperationsVice President Phone: 703.738.6858Phone: 703.738.6866Phone: 703.738.6886 Cell: 703.244.9725Cell: 301.606.3392 Cell: 703.629.6599 john.lee@fedbid.comgeoff.edwards@fedbid.comlu.tupponce@fedbid.com Contact Information


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