If there's one certainty about our precarious times in the public sector today, it is the fact that government executives - at all levels - face tough, tough decisions on how to raise revenue and save money. Wait, the latter is an easy call, and in a dire budget crisis, the "city of big shoulders" has opened its eyes to the possibilities for cost savings offered by employing reverse auctions. Mayor Richard Daley and the Chicago City Council's Budget Committee have now issued a directive to all municipal departments in this city (whose budget is bigger than some states!) to use reverse auctions to save taxpayer dollars to help plug the huge hole the city's budget.
Read:
City to try new ways of procurement to cut costs :: CHICAGO SUN-TIMES :: City Hall
This will be one to watch on the municipal level - as Chicago is a big fish! And with the State of Illinois Budget mess (see Illinois facing 'outright disaster' amid budget crisis 'We are not paying bills for absolutely essential services ... that is obscene') - a mess that in all states runs downhill, limiting city and county government options for increasing revenue, turning to reverse auctions should be pursued by all governments in Illinois and all other states!
David http://reverseauctionresearch.blogspot.com/
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