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Lifeworld International Examples of Past Reverse Auctions—
Medical Analyses for Medical Service
Request: |
100 specific orders for medical blood work analyses for an airline’s crew members; each kind of analysis required its own bid request or order. |
Volume: |
About 500,000 analyses per year. |
Duration of contract: |
One year minimum. A discount was offered for a three year contract. |
Bid: |
Bidding began at approximately $1,000,000 and the final offer was approximately $750,000. |
Savings: |
25% from starting offer. |
Equipment for Transporting Patients
Request: |
Eight requests for bids (3 main bids with alternative options ) for medical devices, including defibrillator and various analysis devices |
Bid: |
Bidding began at $300,000 and the final offer was $250,000. |
Comment: |
By negotiating to substitute alternatives for some devices while still providing the same technical data, the final bid was reduced by an additional $15,000 to end at $235,000. |
Savings: |
Over 20% from starting offer. |
Construction of a Five-story Container Building
Request: |
1 bid request for construction of a complete 5-story container building, including office space and two elevators. |
Bid: |
Bidding began at $15,000,000 and the final offer was $11,000,000. |
Savings: |
Over 25% from starting offer. |
The above represent a small number of the many reverse auctions that Lifeworld has mediated. Some additional examples of past reverse auctions include:
- Lab supply of chemicals
- Fuel
- Hospital equipment ranging from diagnostics to hospital beds and other furnishings
- Supply of basic pharmaceuticals
- Computers and other IT equipment
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