The reverse auction, run the way an audit expects
Put a single line or lot out to live competition. Pre-qualified vendors drive the price down in real time — and every tick lands in a record built to survive a protest.
Real-time competition, without giving up the paper trail
A reverse auction gets you the price movement of an open market and the documentation of a formal sealed process — at the same time.
Genuine downward pressure
Vendors see their rank, not each other's numbers, and re-bid to win — routinely landing well below the independent estimate.
Anti-snipe extension
A bid in the closing moments pushes the clock out automatically, so the winner is the best price, not the fastest connection.
Rank-only visibility
Bidders know where they stand without seeing competitors' identities or exact prices — competitive, not collusive.
Only qualified vendors bid
Registration, NAICS/commodity classification, and any required credentials are checked before a vendor can enter the room.
Preferences on the ranking
Local, MWBE, and veteran credits adjust the evaluated standing — while the contract price stays the raw bid submitted.
Every tick recorded
Each bid, retraction, and clock extension is timestamped to a tamper-evident log you can hand to an auditor unedited.
Schedule to award, in five steps
Build the RFQ
Define the line or lot, the estimate, terms, and any credentials vendors must hold to bid.
Notify & qualify
Matching vendors are invited by NAICS and commodity code; they register and are verified.
Run the live event
The clock opens, vendors bid the price down by rank, and anti-snipe guards the close.
Screen the winner
SAM.gov exclusion and insurance/bond/license status are checked before the award is recorded.
Award & document
Record the award; the full timestamped history exports as the protest-ready file.
Whichever way you buy, the award holds up
The same integrity layer runs under the reverse auction as under sealed bids and scored evaluations — one standard of documentation, no matter the method.
Tamper-evident audit trail
Every bid, addendum, and award decision timestamped to a record built for a protest or audit.
Binding addenda
Bidders must acknowledge each addendum; a new one flags active bids for one-click re-affirmation.
Not-debarred at award
SAM.gov exclusion screening plus insurance/bond/license status, checked before you record the award.
Statutory preferences
Local, MWBE, and veteran credits applied to the evaluated ranking — contract price stays the raw bid.
Qualified vendors
NAICS and commodity-code classification with targeted opportunity notices to matching vendors.
Public records, handled
Vendor-marked confidential material, staff-decided, released with a redaction log — never auto-exposed.
See a reverse auction run end to end
We'll set up a scenario like your own on a demo site and walk it from schedule to award — bring your procurement, IT, and legal staff.
Bid Now Solutions · reverse auctions & sealed electronic bidding for government & organizational procurement · bidnowsolutions.com