No, price is not the only factor in evaluating Reverse Auction responses.

Reverse auctions are known for providing buyers with lower prices. A misconception of reverse auctions can be that the lowest price vendor receives the award. Price is just one factor in any evaluation, and the same is true when a reverse auction is used. Automating price negotiation allows buyers to negotiate more buys than otherwise and allows them more time for key procurement decisions, such as the award evaluation. 

Throughout the year, the Unison Marketplace team works diligently to create enhanced capabilities to support you and your team. Based on feedback from our Buyers, Unison Marketplace has added a function where vendors will no longer be able to submit a bid on your requirement if they have not attached all required documents.

Here at Unison Marketplace, we understand the ever-changing needs of our Buyers. We also understand that 1102s have a variety of procurement requirements that need to be met on a real time basis.

The past year has been tough on small businesses working to stay afloat through the COVID-19 pandemic. This has been especially true for Black American owned small businesses. A recent survey of small businesses by Goldman Sachs reports that, more than any other demographic, the Black American business community has been slow to recover, with 30% of respondents stating a pre-COVID business recovery of 25% or less. As we enter Black History Month, it’s important to consider opportunities to strengthen this community.