More Updates for EPLS

The Excluded Parties List System (EPLS) is the governmentwide system of records that identifies parties who have been excluded from participating in federal procurement and non-procurement (financial or non-financial assistance and benefits) programs throughout the federal government. Contracting officers are required to check EPLS (www.epls.gov) after receipt of bids and proposals, and before making contract awards.

Within the framework of federal procurement a reverse auction is a pricing tool, the main goal of which is to drive purchase prices downward. It’s the type of auction in which the role of the buyer and seller are reversed. In a traditional auction, such as those conducted on eBay, buyers compete for the right to obtain a good. In a federal reverse auction, contractors compete for award of a contract. Today, reverse auctions offer the ability to conduct real-time price competitions within hours. The process allows the government to reveal to each offeror the prices offered by all other offerors (anonymously). Offerors then have the chance to continually revise their prices as each revision is revealed to all of the offerors. The process is repeated until all offerors stop "bidding" or until the auction closes. For more information on reverse auctions, visit Wikipedia®.

• MyEPLS enhancements
• Allows the user to redefine the front page to their specific use by selecting or deselecting categories and options currently available on the EPLS.
• Action status changes
• To reflect the record's EPLS create date instead of listing the record as "New."
• Multiple name search
• Added back to EPLS as requested by EPLS beta testers and the user community.