In a reverse auction, a bid filed literally at the last second was excluded as late, perhaps because the reverse auction system did not process the bid until a few seconds after the deadline.
As a recent GAO protest demonstrates, reverse auctions – by their very nature – encourage last-second bids, but it is the prospective contractor that may pay the price if the reverse auction system does not immediately process a bid.
The GAO’s decision in C2G Ltd. Co., B-411131 (May 12, 2015) involved a Defense Logistics Agency solicitation for maintenance services on government-owned equipment. The procurement was conducted using a a third-party reverse auction system, operated by Procurex, Inc.
The reverse auction began at 9:00 a.m. Eastern Standard Time on February 6, 2015. The reverse auction was scheduled to end at 9:30 a.m. EST.
At 9:04:34 a.m., C2G Ltd. Co. placed a bid of $1,335,687 and became the “lead” bidder. C2G’s “lead” bid was visible to other offerors. C2G remained in the “lead” position until 9:28:55 a.m., when a competitor placed a bid of $1,294,725 and became the “lead” bidder.
Keep readin g this article at: http://smallgovcon.com/gaobidprotests/reverse-auctions-last-second-bid-was-late/