Compusearch has updated itsÂ reverse auctioning support service for the federal government.
The company sought to addressÂ buyers’ and sellers’ requirements, reviewedÂ legacy third party services and consideredÂ regulatory guidance in theÂ design of the refreshedÂ PRISMÂ acquisition management system,Â Compusearch said Thursday.
Federal agenciesÂ requests for goods and services through PRISM and sellers that respondÂ withÂ the lowest price receive the award.
“PRISM offers reverse auctions as an integrated service within a widely proven, advanced acquisition system,” said Reid Jackson, Compusearch CEO.
“Agencies can realize the savings associated with reverse auctioning and do so within a safe framework that preempts duplicative work, facilitates auditability, and promotes timely and accurate reporting,”Â Jackson added,
PRISM is built to help agenciesÂ control the acquisition lifecycle, identify approaches toÂ calculating savings and unifyÂ documentation and reporting functions throughout the competition lifecycle.