The product is also more convenient and less intimidating for bidders as compared to the traditional sealed bid process.
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Pottstown, PA (PRWEB) January 3, 2008
municibid.com, LLC, a web-based government auction platform developed specifically for municipalities and other government entities, is pleased to announce nationwide service. municibid.com improves the process of selling unneeded items and purchasing new items via regular and reverse online auctions.
"Under increased pressure from voters and taxpayers, local government entities are looking for ways to become more efficient," said Greg Berry, founder of municibid.com. "municibid.com helps municipalities accomplish this task by increasing non-tax revenue and reducing spending."
municibid.com's flagship product, "municibid Auctions," enables government entities to more effectively sell items no longer needed by introducing the items to a greater number of bidders, which in turn, produces a higher final sale price. A higher final sale price increases non-tax revenue for the government entity and creates more money for new purchases.
"municibid Auctions increases efficiency for municipalities by significantly reducing staff time as well," said Berry. "The product is also more convenient and less intimidating for bidders as compared to the traditional sealed bid process."
"We recently sold a 1984 bucket truck on municibid.com for $10,800. When we tried selling the same truck before, using the traditional sealed bid process, we received only one bid for $1,300. Enough said," commented Don Pepe, Borough Manager, Zelienople Borough, PA.
municibid Auctions is based on a flat annual fee for an unlimited number of auctions with no additional commissions, fees or charges. The annual fee is $200 for government entities with a population of less than 30,000 people; pricing for larger entities is based on population. A flat annual fee gives government entities a controlled and predictable cost. For bidders, there are no fees or buyer's premium.
In 2008 municibid.com will launch an innovative new service called "municibid Reverse," which will enable municipalities and other government entities to list products they want to purchase and have vendors compete in real-time via the municibid online reverse auction platform to provide those products at the lowest possible price. A reverse auction is where bidders provide bids or "offers" that are lower than the auction starting price or the next highest bid.
Berry, age 28, got the idea after seeing, first hand, the dismal results of the traditional sealed bid process while serving on borough council in Pottstown, Pa. (a position he still holds).
municibid.com serves state departments, counties, cities, towns, townships, villages, boroughs, authorities, school districts and special districts.
Interested government entities should call 800.531.6074, option 1 or visit http://www.municibid.com for references and more information.
Phone: 800.531.6074 ext 703
e-mail: gberry @ municibid.com