Overstock Awarded Federal Contract For Commercial E-Marketplace Platform

Overstock has been awarded a U.S. government contract with the General Services Administration (GSA) as one of three online retailers providing business-to-business (B2B) e-commerce capabilities for federal agencies.

The GSA commercial e-marketplace acquisition contract leverages Overstock’s technology and 20 years of experience in B2B and B2C e-commerce to the government with easy access to furniture, supplies, and other commercial off-the-shelf goods, the company noted.

GSA expects to have the e-commerce platform ready to launch in approximately 30 days. The platform will offer a wide assortment of products from established partners, and will allow government personnel to easily find, research, and order necessary products, including many items from small businesses. Along with the commercial e-commerce platform, Overstock will provide concierge customer care service to aid with efficiency and ensure a top-of-the-line experience for government purchasers.

“We’re thrilled GSA has selected us for this exclusive group of online retailers to participate in this proof-of-concept pilot program which will allow us to supply key items like office furniture and equipment to government agencies,” said Jonathan Johnson, CEO of Overstock.com. “The commercial marketplace platforms are to provide the GSA with increased oversight on government spending. We are confident our technology and industry relationships will help make GSA’s goal a reality.”