Joseph Jordan, FedBid‘s public sector president and former Office of Federal Procurement Policy administrator, has elevated to the role ofÂ chief executive officer at FedBid and the appointment took effectÂ Jan. 1.
The company said TuesdayÂ Jordan has led itsÂ public sector business in working with federal agencies to leverage reverse auction to save approximately $100 millionÂ in procurement cost.
“Since joining FedBid, Joe has brought expertise and innovative leadership to the company’s core business, driving competition, efficiencies and savings in the purchasing process for government agencies, ” said Ted Leonsis, vice chairman of FedBid’s board of directors.
Before Jordan joinedÂ the company in January 2014, he was in charge ofÂ enforcingÂ OFPP acquisition policies and has also served at the U.S. Small Business Administration as associate administrator for government contracting and business development.
He also previously worked in the private sector atÂ McKinsey & Company, Â Backwire andÂ Leap Wireless.
FedBid’s reverse-auction marketplace facilitates the online procurement of commodity goods for agencies while working toÂ enable small businesses to compete for government contracts, the company said.