Air Force cancels suspension of FedBid

The Air Force has lifted its suspension of reverse auction vendor FedBid after more than three weeks.

The Air Force and FedBid announced today that they had reached an administrative agreement to end both the suspension and debarment proceedings as long as the company continues to “maintain the business honesty and integrity required of a government contractor and that the company operates in strict compliance with all applicable laws, regulations and terms of its governance contracts and subcontracts.”

Joe Jordan, FedBid CEO, said in a statement his company demonstrated that it took the allegations seriously and took actions to remediate any concerns.

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