electronic auction definition

electronic auction means an iterative process that involves the use of electronic means for the presentation by suppliers of either new prices, or new values for quantifiable non-price elements of the tender related to the evaluation criteria, or both, resulting in a ranking or re-ranking of tenders;
electronic auction means a repetitive process involving an elec­ tronic device for the presentation of new prices, revised downwards, and/or new values concerning certain elements of tenders, which occurs after an initial full evaluation of the tenders, enabling them to be ranked using automatic evaluation methods.
electronic auction means a reverse auction realized after the initial full evaluation of tenders, where tenderers have a possibility, exclusively by electronic means, to revise presented prices downwards or to improve certain elements of the tenders, whereby ranking shall be made automatically by electronic means;

More Definitions of electronic auction

electronic auction means a repetitive electronic process for the presentation of prices to be revised downwards or of new and improved values of quantifiable elements of tenders, including price, which—
electronic auction means a repetitive process involving an electronic device for the presentation of new prices, revised downwards, and, or new values concerning certain elements of tenders, which occurs after an initial full evaluation of the tenders, enabling them to be ranked using automatic evaluation methods. Certain service contracts and certain works contracts having as their subject-matter intellectual performances, such as the design of works, may not be the object of electronic auctions;
electronic auction or “E-auction” shall mean an auction conducted in electronic mode on an online website, in a virtual auction platform set-up by a service provider as mentioned in this E-Auction Process Information Document on which the Bidders are required to participate through their login ID and password, and which involves the transmission of data through the use of internet connectivity.
electronic auction means a repetitive process that—
electronic auction means a repetitive electronic process in which participants present, by means of the electronic tool, new prices, revised downwards, or new values corresponding to different evaluation criteria, and which enables the formation of an up-to-date rank of tenders using automatic evaluation methods,