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 Fiscal 2017 budget deadline

 

Should contractors ‘cast a wary eye’ on FedBid reverse auctions?

Larry Allen, president, Allen Federal Business Partners

wfedstaff | June 4, 2015 4:47 pm

Big money is heading into the coffers of the federal reverse auction business. A group of investors that includes Ted Leonsis and Steve Case has invested in FedBid, a company that does reverse auctions for agencies.

Larry Allen, the president of Allen Federal Business Partners, has said contractors “should cast a wary eye on this development.”

Allen joined In Depth with Francis Rose to discuss why.

Register for the Ask the CIO Chat with Andy Ozment of the Homeland Security Department on Oct. 11, at 1:30 p.m.