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FedBid Back to Bidding

FedBid is back to bidding on federal contracts after a four-week suspension was lifted by the Air Force, reports the Washington Business Journal. Its founder and chairman Ali Saadat (not pictured) was forced to resign, which is common after a suspension. The Vienna-based company, which operates an online marketplace for B2G and B2B commerce, was suspended after a VA inspector general report questioned the company’s business honesty and integrity. The company is backed by Steve Case and Ted Leonsis’ Revolution Fund.

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