FedBid Seller Webinar

© FedBid Inc. | CONFIDENTIAL AND PROPRIETARY | www.FedBid.com 1

 What is a Reverse Auction?
A reverse auction is a competitive process in which a Buyer
solicits bids from Sellers, who have the opportunity to submit a
single bid or multiple bids that decrease in price.

Here’s the what the process looks like:

REQUEST

AWARD
Specifications are posted by Sellers submit the amount Buyers evaluate the offers
BID

Buyers for firm-fixed price they would like to be paid. and make an award based on
simple goods and services. There are no partial bids. requested criteria.

© FedBid Inc. | CONFIDENTIAL AND PROPRIETARY | www.FedBid.com 2

What is FedBid?

FedBid is an online managed marketplace

that is changing the way organizations buy and
sell.

© FedBid Inc. | CONFIDENTIAL AND PROPRIETARY | www.FedBid.com 3

A Managed Marketplace

MARKET QUALITY
OPERATIONS ASSURANCE

POST A BUY SELLERS MAKE AN AWARD

NOTIFIED
& COMPETE
ACCOUNT CLIENT
MANAGEMENT SERVICES

Each buy is managed, not just by the Buyer, but by an entire

team driven to ensure results.

© FedBid Inc. | CONFIDENTIAL AND PROPRIETARY | www.FedBid.com 4

Who Gets Awarded? Small Businesses.

Volume of Award Dollars $920M FY15 Small Business

Award Volume ($M)*
Drives Volume for underrepresented businesses

22%

$218 $185 $154 $115 $97

78%

Small Business
Other

In fiscal year 2015, $920 Million was awarded to small

businesses through FedBid’s online marketplace.

© FedBid Inc. | CONFIDENTIAL AND PROPRIETARY | www.FedBid.com 5

Built for Serious Sellers

© FedBid Inc. | CONFIDENTIAL AND PROPRIETARY | www.FedBid.com 6

Increased Efficiencies

MINIMAL RESOURCES NECESSARY

Uniform Process Reduce Cost New Opportunities

Reduce your costs per bid.

© FedBid Inc. | CONFIDENTIAL AND PROPRIETARY | www.FedBid.com 7

No Out-of-Pocket Costs

BUYER
BUYER SELLER SELLER
AWARDS
POSTS A BIDS KEEPS
$10,300 TO
BUY $10,000 $10,000
SELLER

$300 FEDBID FEDBID INVOICES

FEE IS ADDED SELLER FOR $300

• No cost and no risk to join and participate

• Buyer-funded transaction fee

© FedBid Inc. | CONFIDENTIAL AND PROPRIETARY | www.FedBid.com 8

Training and Support Services

Webinars
WEDNESDAYS AT 1:00 PM EST
VISIT FEDBID.COM/SELLERS/WEBINARS

Training Videos
VIDEO TUTORIALS ABOUT YOUR ACCOUNT,
YOUR DASHBOARD, AND BID SUBMISSION

Client Services
CLIENTSERVICES@FEDBID.COM
1.877.9FEDBID

We’re here to help.

© FedBid Inc. | CONFIDENTIAL AND PROPRIETARY | www.FedBid.com 9

Better Buying

EXTEND REACH OF
PROMOTE CORPORATE
PROCUREMENT
SOCIAL RESPONSIBILITY
RESOURCES
OBJECTIVES

IMPROVE AUDITABILITY FUEL GROWTH

AND MITIGATE RISK

© FedBid Inc. | CONFIDENTIAL AND PROPRIETARY | www.FedBid.com 10

How it Works for Sellers

1 SELLERS
SIGN UP 2 REVIEW
BUY & ASK 3 PLACE
A BID 4 DELIVER
GOODS &
& LOG IN QUESTIONS SERVICES
BUYERS BUYERS ANSWER BUYER MAKES AN
LOG IN & QUESTIONS OR AWARD
POST A BUY REPOST BUY

A process that increases opportunity access.

© FedBid Inc. | CONFIDENTIAL AND PROPRIETARY | www.FedBid.com 11

Active Bids

Lead and Lag statuses indicate your position in

the marketplace.
© FedBid Inc. | CONFIDENTIAL AND PROPRIETARY | www.FedBid.com 12
Bid Results

Easily manage your bid activity on your dashboard.

© FedBid Inc. | CONFIDENTIAL AND PROPRIETARY | www.FedBid.com 13
The FedBid Marketplace

Managed Marketplace
PUSH NOTIFICATIONS
SUPPORT AND TRAINING RESOURCES

Opportunity Access
EXCLUSIVE OPPORTUNITY ACCESS
NO OUT-OF-POCKET COSTS

Client Services
CLIENTSERVICES@FEDBID.COM
1.877.9FEDBID

We’re here to help.

© FedBid Inc. | CONFIDENTIAL AND PROPRIETARY | www.FedBid.com 14

 It All Starts Here…

15

© FedBid Inc. | CONFIDENTIAL AND PROPRIETARY | www.FedBid.com 15