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Reverse auctions worry local officials

Reverse auctions worry local officials

By: Magnolia Tribune - November 6, 2017

Government purchasing reforms set to kick in; local leaders worried

A sea change in how Mississippi governments make purchases is set to take effect in January, aimed at saving taxpayers millions and reducing cronyism and corruption in government contracting and spending.

But many county and city leaders say they still have unanswered questions and concerns about the new regulations. In particular they’re questioning a requirement that cities and counties for purchases of more than $50,000 worth of commodities or equipment use a “reverse auction” method of bidding. This method — typically done online — allows vendors to make initial bids, see where they stand, then continue for a period to lower their prices and try to undercut competitors.

Clarion Ledger
11/4/17

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Magnolia Tribune

This article was produced by Magnolia Tribune staff.