Compusearch will offer its reverse auctionÂ technologyÂ to theÂ Defense Department and civilian agency clients through the company’s PrismÂ acquisition platform as part of the Reverse Auctions system’s full general availability.
Compusearch said Tuesday the addition of the tool toÂ the Prism platform follows a series of pilot programs at four federal agencies during the limited availability period forÂ Reverse Auctions.
“Years ago, federal agencies discovered the great potential of reverse auctions to reduce prices paid and lead time necessary to buy products and simple services,” notedÂ Compusearch CEOÂ Reid Jackson.
He addedÂ Reverse Auctions works to address agency concerns regarding the need to reenterÂ solicitation information onto third-party systems.
Compusearch saidÂ Reverse Auctions was designed to provide transparency, auditability, compliance and ease of use in the contracting process and is now available viaÂ PrismÂ 7.2.
More than 120,000 System for Award Management-certified suppliers have registered to take part in PrismÂ solicitations, the company added.