Dynamic procurement system definition
Dynamic procurement system means a procurement procedure through a completely electronic process for making commonly used purchases, the characteristics of which, as generally available on the market, satisfy the requirements of the Central Bank. The system is limited in duration and is open throughout its validity to any bidder which satisfies the selection criteria and has submitted an indicative tender that complies with the specification;
Dynamic procurement system means a procurement procedure with a completely electronic process for making ordinary purchases, the characteristics of which, as generally available in the market, meet the requirements of the Central Bank. The system is limited in duration and is open throughout its validity period for any bidder who meets the selection criteria and who has submitted a tender in compliance with the specification;