August 17, 2017 3:26 AM ET

Internet Software and Services

Company Overview of FedBid, Inc.

Company Overview

FedBid, Inc. operates a managed online marketplace optimizing the way governments, businesses, and educational institutions buy the goods and services for everyday operations in the United States. It offers The Buyer-Driven Online Marketplace, a platform that transforms B2G and B2B commerce by introducing e-commerce spend management solution, as well as allows federal agencies conduct reverse auctions. The company’s platform is the marketplace for various products and services in the categories, such as facilities and operations, heavy equipment, industrial, information technology, medical and laboratory, professional services, safety and tactical, and support services. It serves the Departm...

8500 Leesburg Pike

6th Floor

Vienna, VA 22182

United States

Founded in 1999

Phone:

703-385-9777

Fax:

703-442-7822

Key Executives for FedBid, Inc.

Chief Executive Officer
Chief Financial Officer and Executive Vice President
Age: 49
Senior Vice President of Strategy and Operations
Chief Administrative Officer, SVP of Communications & Govt Relations & SVP of External Relations
Compensation as of Fiscal Year 2017.

FedBid, Inc. Key Developments

U.S. Department of Agriculture Awards Contract to FedBid

FedBid, Inc. announced that the U.S. Department of Agriculture (USDA) has awarded a contract to FedBid for utilization of its reverse auction services. The contract was awarded through the U.S. Forest Service and is available for use by Buyers within all USDA agencies. FedBid’s USDA contract is a blanket purchase agreement (BPA) that can be utilized by procurement staff in all of the department’s agencies, as well as Service First agencies.

U.S. Department of Labor Awards FedBid Contract to Provide Reverse Auction, Best-Value Acquisition Solutions

FedBid, Inc. announced that the U.S. Department of Labor (DOL) will continue to utilize FedBid's services through a newly-awarded contract available to all DOL contracting offices. This decision cements the critical role that FedBid plays in supporting DOL’s best-value acquisition strategy for commodity goods and simple services. FedBid's contract is one base-year with four option years. The company's easy-to-use system, expert sourcing, quality assurance and account management support staff help drive greater efficiency in the acquisition process, reducing time spent on procurement actions, while also being fully-compliant with the Federal Acquisition Regulation (FAR). Additionally, FedBid's dynamic, competitive platform facilitates best-value contract awards based on a real-time view of current market pricing for whatever a Buyer is looking to purchase.

22 Capital Partners Selects FedBid, Inc. as Technology Partner for 22 CityLink Platform

22 Capital Partners announced that it has selected FedBid, Inc. as a technology partner for its 22 CityLink platform. Together, with its world-class partners, 22 Capital Partners will lead the development of an ecosystem to build smart cities through technology, education and innovation. One of 22 CityLink's first real estate projects is Gramercy District. Gramercy District will be the first ground-up smart city in the Washington D.C. area, located in Loudoun County. The site is 16.8 acres of prime real estate at the terminus of the Silver Line Ashburn Station metro. The focus for this smart city is to create an innovation campus with the foundation technology and education partners. A key component of the 22 CityLink smart city approach is reducing total lifecycle costs and creating long-term value for the citizens within the smart city. FedBid's platform will be integrated with 22 CityLink's overall procurement and supply chain management services, and will allow all qualified buyers and sellers in construction to participate in the development.

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