Electronic auctions definition
Electronic auctions means a process where bidders whose tenders have previously been evaluated and scored for quality attributes are invited to compete on price or quantity through use of an electronic auction process which allows bids to be automatically scored and ranked to identify the most economically advantageous tender (this may include weightings, where appropriate). This process allows bidders to amend their prices/quantities on line in real time to achieve their best score commensurate with their own business objectives.
Electronic auctions means the process whereby Tenderers whose
Examples of Electronic auctions in a sentence
An electronic auction will be used Additional information about electronic auction Electronic auctions may be used in further competitions.
Electronic auctions may be used in conjunction with the open, restricted, negotiated, o r negotiated procedures, or the reopening of competition within a framework, or on the opening for competition of contracts to be awarded through a dynamic purchasing system.
Electronic auctions may be used in conjunction with the open, restricted, negotiated, or negotiated procedures, or the reopening of competition within a framework, or on the opening for competition of contracts to be awarded through a dynamic purchasing system.