OFPP issues guidance on reverse auctions

The Office of Federal Procurement Policy has issued guidance reminding federal chief acquisition officers that while reverse auctions can get them lower prices for common goods and services, they have to be used carefully.

A six-page June 1 memo to CAOs and senior procurement executives from OFPP Administrator Anne Rung offered up some of the basics on how to best apply the acquisition technique to squeeze as much value as possible out of the process, while avoiding some of the more common difficulties that have arisen with their use.

Continue reading at http://fcw.com/articles/2015/06/05/reverse-auction-guidance.aspx?s=fcwdaily_080615.