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Should contractors ‘cast a wary eye’ on FedBid reverse auctions?
Larry Allen, the president of Allen Federal Business Partners, joined In Depth with Francis Rose to discuss why he sees investment in FedBid as a dubious develo...
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.
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