eFederalSystems-- pricing is extremely competitive for all federal, state and local governments and agencies. As a guarantee, if you do not save at least 100% of our fee as a result of your auction, then the auction is ABSOLUTELY FREE. In return for our auction fees eFederalSystems will:

• Produce and host your auction on a Cutting Edge platform set up to your specification. There is no software to purchase or install.
  
  
• Prepare and distribute the RFQ’s or RFP’s to the potential suppliers electronically by E-Mail and/or Fax.
  
  
• Provide market making services, thereby eliminating this labor intensive burden from the purchasing department.
  
  
• Provide a binder to all potential suppliers with the RFQ, including product specifications, logistics' information, Terms and Conditions of purchase or sale, auction format, and necessary disclaimers forms.
  
  
• Provide all required supplier training, including a mock auction, customer and technical support, prior to, during and after the day of the auction.
  
  
• After the completion of the auction, you will be given an audited copy of the results in an Excel Spreadsheet format to assist your final decision making and the awarding of contracts.

Or, let us host your auction site for you using our software and you can have unlimited auction capabilities with low-cost lease payments starting at as little as $7,500 per month.

Competition will always be a way of life in the industrial and manufacturing community. Reducing the cost of the raw materials related to the production of any product, is directly related to the profitability of the company and it’s market share. In 2003, over 25% of the companies in the US have used reverse auction technology to lower the cost of doing business and over 50% of those have increased their use of reverse auction and online eprocurement activities. The online negotiation process sets proven benchmarks for the procurement of high dollar value commodities, forging new alliances with suppliers and vendors in a more competitive atmosphere.

Costs related to the auction process are minimal in contrast to the overall cost savings to the purchasing entity, often less than 10% of gross savings. Large companies expend a tremendous amount of time, energy and money to negotiate the best contracts for their company but rarely realize the savings due to lack of understanding the terms of the deal, and therefore don’t buy under the contract.

It is estimated that nearly 75% of the opportunity for savings in procurement comes from strategic sourcing. Coupled with the fact that a 5% reduction in spending has the same impact on the bottom-line as does a 30% increase in sales.