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Old 11-04-2012, 04:26 AM
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I have done a few reverse auctions with a company called eBridge and had very positive experiences with major savings. The challenge (in my circumstances) were finding suppliers that I deemed qualified & that were willing to participate. You also have to be extremely careful with the up front spec design, because the supplier will kill you with change order fees after the fact to make up on all the savings you'll get.
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