Reverse Auctions

admin ASKED

A classmate and I are researching reverse auctions and would like to know of some governments' first-hand experience with them. Particularly, we are interested in reverse auctions of services as opposed to commodities. -What are the pros and cons of reverse auctions? -What should governments be mindful of in engaging in reverse auctions? -Can you cite any examples of clear successes or failures of reverse auctions of services? -Do you have any additional resources that may be helpful as we research this topic? And if anyone has North Carolina specific examples of any government use of reverse auctions, this would be much appreciated. Thank you! Michelle & Kasey

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