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Reverse auctions could save taxpayers millions

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Millions of dollars could be saved if a contracting method were used correctly by federal agencies, according to a new Government Accountability Office report. GAO also estimated that 24 percent of all reverse auction contracts were not awarded to the lowest bidding vendor. In the Dec 9. report, GAO said about 30 percent of reverse auctions conducted by the U.S. Army, Department of Homeland...

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