2.4.4. Reverse Auctions
Reverse auctions may be used as a form of competitive bidding and as an alternative to sealed bidding. The reverse auction process allows the suppliers to see the lowest bid, but not the identities of the bidders during the bidding process. No state entity may conduct a reverse auction without prior approval from SPD
. Once the reverse auction is closed, the bids are evaluated and contract award, if any, is made to the lowest responsive and responsible bidder. Reverse auctions cannot be used for procurement of construction-related procurements or for any contract for goods or services valued at less than $100,000.00.