eAuction definition
eAuction means a procurement tool using web-based software that allows potential suppliers to compete online and in ‘real time’, providing prices for the goods/services under auction;
eAuction. / “eAuction tool” means the procurement tool used by the Authority, using web-based software which allows Potential Providers to compete electronically online and in real time by submitting their prices for the provision of the goods and/or services required by the Authority as more fully described in these eAuction rules;
eAuction means the process of different Sellers entering Bids onto the System to compete to win the business (in part or in whole) offered by the relevant Yildiz Group Company for the sale or supply of the goods and/or services to that company. An eAuction may take the form of a Dutch Reverse eAuction, an English Forward eAuction, an English Reverse eAuction, Japanese Reverse eAuction or any other format notified to Sellers within an Invitation.