11
Jul

BOSTON BUSINESS JOURNAL: This ‘tail spend’ startup saves the MBTA $100K per month

Each year, the MBTA makes about 15,000 purchases of orders worth less than $50,000 each. Policy rules dictate that for many of those purchases — for things like spray paint, steering shafts and cylinder breaks — the organization must collect at least two competing bids from vendors before finalizing an order. A year ago, soliciting those bids required someone in the MBTA procurement division to pull out an old phone book or search Google for relevant vendors, send emails or call the companies, and file away the resulting bids in a cabinet where they were unlikely to be looked at…