Average deadline for U.S. government bids decreased againStaff writer ▼ | April 4, 2016
In 2015, the number of U.S. State and Local government bids increased again. In conjunction, the amount of days to bid on these opportunities decreased to an average of 11.7 days, according to BidPrime.
When the state is buying A 36% drop in the average amount of time to bid
The window, from release to due date, for Federal, State and Local bids in the USA dropped to 11.7 days in 2015, from 12.1 days in 2014. In 2006, the average time to bid was 22.7 days.
Over the last 5 years, there has been a 36% drop in the average amount of time to bid. There are fewer long multiyear Term Contracts being issued in favor of smaller purchase bids that are less binding.
"Quick Quotes," bids that expire within 5 days of their issue date, are trending upwards. "Quick Quotes" have less vendor distribution, fewer bidders, less quantity per purchase, and lower dollar volumes. Arguably, there is less competition with these purchases.
Stephen Hetzel, BidPrime’s operations officer, said "Eprocurement has made it easier for governments to issue bids and identify vendors. The agencies can distribute, tabulate, and award the bids much quicker than years ago.
"With less lead time and more automation, procurement departments are more apt to put something out for bid than complete a purchase order or lock themselves into a long term contract.
"I anticipate there will be a further increase in the number of bids for a lower average volume per bid in 2016. Leading the way will be a further uptick in the quantity of quick quotes. These are bids that expire in less than five days from the time of issue." ■