Examples of Reverse auctioning in a sentence
Reverse auctioning is an Internet-based or electronic commerce acquisition tool/service following traditional auction principles that allows the Government to procure goods and services from offerors/suppliers in a competitive and dynamic environment where the sellers successively bid prices down until the auction completes.
Reverse auctioning should be used for goods or services that can be easily described and specified, with definable quantities and when an adequate number of vendors can be expected to respond.
Reverse auctioning should not be used for highly technical or complex solicitations, when prequalification is necessary, for solicitations with multiple attachments, for emergency procurements.
Reverse auctioning shall not be used for the acquisition of any services for construction projects or for the acquisition of any other serv- ices.
Reverse auctioning in this format is very similar to the Japanese auction in that it awards the lowest bidder the contract at a price equal to the amount of the second-lowest bid.
When interacting with the participants, I frequently found myself associating them with children I had taught previously.
Reverse auctioning means a procurement method wherein bidders are invited to bid on specified goods or nonprofessional services through real-time electronic bidding, with the award being made to the lowest responsive and responsible bidder.
Reverse auctioning shall not be used for the acquisition of any services for construction projects or for the acquisition of any other services.
Standard deviation (SD) of WLBC seems highest in comparison with others and WLB total SD is low [Table 1].
Facilities on the sensor shall include: • Fan high, medium and low speed selector • ON/OFF switch • Temperature set point • Temperature digital readout • Power 'ON' indicator • Set back default setting (economy / normal) • Reverse auctioning of the temperature controls depending on the temperature of the water supplied to the coil.