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December 17, 2004

Mayor Bloomberg discovers the reverse auction

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Posted by Dominic Basulto

Briefly noted in today's New York Post: the Bloomberg Administration is experimenting with online "reverse auctions" for items such as computers. Vendors will bid against each other, with the lowest price winning. Based on the success of similar reverse auctions conducted by the U.S. Postal Service, the move to auction-based purchasing "could save taxpayers millions."

Too bad all those millions saved by hard-working taxpayers will be quickly and efficiently sucked up by the MTA's new fare hikes.

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