Sec. 104. Promotion of reverse auctions in Federal contracting
149 words·~1 min read·
/bill/114/hr/3300/ih/section-104·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than 6 months after the date of the enactment of this Act, the Federal Acquisition Regulation shall be revised to address reverse auctions by Federal agencies, including how and when they should be used, the roles and responsibilities of contracting officers, and what agencies should do if there is no interactive bidding during an auction. Not later than 6 months after the date of enactment of this Act, the Director of Office of Management and Budget shall, consistent with the recommendations of the Government Accountability Office on reverse auctions in its report GAO–14–343SP (April 2014), issue Government-wide guidance— advising agencies to collect and analyze data on the level of interactive bidding and, where applicable, fees paid, to determine the cost effectiveness of using reverse auctions in the procurement of goods or services; and on best practices to maximize competition and savings in the use of reverse auctions.