European Dynamics - e-Procurement

e-Auctions module

e-Auctions

The e-Auctions module facilitates the running of reverse auctions either in conjunction with other modules such as e-Tendering and e-Awarding or as a standalone event. Suppliers submit their improved tenders which are evaluated with the use of the established methods (Most Economically Advantageous Tender - MEAT or Lowest Price criterion).

Contracting Authorities may:

Maximise leverage from procurement negotiations by conducting activities online and in a transparent manner
Develop evaluation criteria, model and strategy either locally or by importing from the e-Notification or e-Tendering module
Carry out test runs of e-Auctions prior to the live e-Auction to ensure that all participating suppliers are fully prepared and capable of carrying out online bidding.
Monitor supplier connectivity issues during the live event and act accordingly
Broadcast messages to suppliers prior, during and after the auction event

Suppliers may:

Submit tenders live and improve their offer during the e-Auction event.
Monitor the progress of their bid.
Make preparatory arrangements in advance to participate in the e-Auction and familiarise themselves the system
Communicate transparently with the e-Auction event manager.