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.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Coffee Shop Signs Lease At Downtown Trophy: The D.C. Deal Sheet

Oliver Carr Jr.'s Firm Sells Alexandria Project To His Son's Company

Bill Barr's Law Firm Expands Footprint In Move To Pennsylvania Avenue

Amazon Ditches Ashburn Data Center Plan, Shifts To Mixed-Use Vision

Bowser Wants To Lock In A $550M Spa Before She Leaves. D.C. Council Members Are Pushing Back

Downtown Conversion Lands Construction Loan: The D.C. Deal Sheet

Fairfax Pays $23M For Innovation Center Site, With Plans For Affordable Housing

From Precast To Conservation: Addressing Today's Stormwater Challenges

Developer Inks Deal To Move HQ To Lerner's Tysons Tower

Industrious Takes Top Floors In Downtown Lease: The D.C. Deal Sheet

Distress Divide: How Private vs. Institutional Investors Are Thinking About D.C. Office

Lawmakers Punt On Stripping Approvals From 15 Projects In Data Center Alley