Private
Invitation-only events with vendors you approve, not an open marketplace.
For procurement teams, public and private sector
There's a faster way to negotiate with vendors you already trust.
When qualified vendors are ready to compete on price, invite them to a private live room. Many events close in 48 hours instead of weeks of email quotes. RFPwon handles the live pricing event, not your whole RFP process.
No upfront cost for your department · We earn when you save · Public sector? →
Auction #00417Live
Closes in
04:12
- Bidder #1↑ Rank 1$142,000
- Bidder #2Rank 2$147,500
- Bidder #3Rank 3$151,200
Sample auction, for illustration only, not a real event. Bids are binding; anti-snipe extends the clock on a late bid.
- 15-30%
- Average savings per auction
- $0
- Cost to procurement departments
- 48hrs
- Average time to close an auction
- Free for procurement
- Pay only on savings
- Audit-ready records
- Vendor-agnostic
Where RFPwon fits
A live reverse auction for price negotiation, not your whole procurement stack
- Keep solicitations and evaluation in your existing ERP or e-procurement tools
- Invite qualified vendors from your roster or shortlist to a private live room
- Export timestamps, bids, policies, and award notes into your contract file
What's a reverse auction?
- Replaces the email and BAFO negotiation round, not your formal solicitation
- Invited vendors compete on price in a private live room you control
- You award on your criteria. Vendors see rank, not each other's bid amounts
Three steps to run a live price event
- 1.Invite qualified vendors from your roster or shortlist and confirm scope and terms for the event.
- 2.Run a private live reverse auction with your rules and floor.
- 3.Award in your process, then export the audit package for contract and oversight.
Negotiation: status quo vs live reverse auction
Negotiation status quo
- Final price comes from email quotes and one-at-a-time calls
- Savings land in a spreadsheet after the deal closes
- The negotiation story gets rebuilt from inboxes when oversight asks
Live reverse auction on RFPwon
- Qualified vendors compete in a private live room on scoped work
- You see rank and movement in real time
- Every invite, bid, and timestamp is logged on the event record
What you get on every event
Live savings
Watch prices move in real time. Savings tick down during the auction, not weeks later in a report.
Audit-ready records
Every invite, bid, and timestamp is logged. Export a package for finance and compliance review.
Vendor-agnostic
Use your existing roster. RFPwon does not push a preferred supplier network.
Common questions
- Do we have to move our entire RFP process to RFPwon?
- No. Use your normal tools to solicit, evaluate, and contract. RFPwon runs the live pricing event with vendors you invite. Then export the record into your award file.
- Does RFPwon replace our ERP or e-procurement system?
- No. RFPwon is a reverse auction platform for price negotiation. Export supports award and contract steps in the systems you already use.
- Do vendors see each other's bid amounts?
- No. Vendors see rank, not competitor prices. Suppliers feel pressure to sharpen bids without seeing each other's numbers.
- What does my department pay?
- Nothing upfront to run events. When verified savings close on auction, RFPwon collects 10% of the amount saved. You keep 90%. No savings, no fee.
- How long does an event take?
- Many scoped events close within 48 hours once vendors are invited and the live window opens. You control the schedule and extensions.
For vendors
Invited to bid? Start free.
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Start with vendors you already trust
Free for your department. No credit card, no sales call. Run a private live auction and export the record when you award.