(1) During an electronic reverse auction

Definition of an electronic reverse auction

As offers are changed during an electronic reverse auction, this provision is inconsistent with the conduct of an auction.

Article 47 ter. Conduct of electronic reverse auctions during the auction itself

Article 47 ter. Conduct of electronic reverse auctions during the auction itself

Article 47 bis. Conduct of electronic reverse auctions in the pre auction period

(ii) The date and time of the opening of the electronic reverse auction

(i) The date and time of the opening of the electronic reverse auction

Article 47 bis provides that the electronic reverse auction is to be suspended abrogated should the number of bidders drop below that minimum before the opening of the electronic reverse auction itself.

Articles 33 (2) and (3) shall not apply to a procedure involving an electronic auction .

Consequently, as tendering is the general procurement method for goods and construction, the provisions enable an electronic reverse auction procedure that follows the pattern of the standard tendering method, adapted to provide for an electronic reverse auction.

See, e.g., Decree No. 3.697 of 21 December 2000, of Brazil, that created electronic procurement auction .

The Working Group may wish to consider whether any definition of an electronic reverse auction in the text of the Model Law is necessary, or whether the definition proposed in the Guide to Enactment text will be sufficient. The description of an electronic reverse auction assumes that all participants will use electronic means of communication in the auction itself (see para.

(1) An electronic reverse auction (electronic reverse auction) can be defined as an online, real time dynamic auction between a buying organization and a number of suppliers who compete against each other to win the contract by submitting successively lower priced or better ranked bids during a scheduled time period.

(iii) The website address at which the electronic reverse auction will be held, and at which the auction rules, the tender and other relevant documents will be accessible

(ii) The website address at which the electronic reverse auction will be held, and at which the auction rules, the tender and other relevant documents will be accessible

(3) The procuring entity may suspend the electronic reverse auction in the case of system or communications failures.

(5) The procuring entity shall allow a period of time to elapse between the issuance of the invitation to participate in the electronic reverse auction and the opening of the auction sufficient so as to ensure sufficient participation in the auction.

(5) Paragraph 2 (c) protects the anonymity of the bidders prior to the closure of an electronic reverse auction.

(j) The place and deadline for the submission of tenders or, if the tendering proceedings are to be conducted by way of an electronic reverse auction pursuant to article 47 bis and ter, the date and time of the opening of the electronic reverse auction.

There are no definitions of the terms electronic , reverse , and auction provided for in the draft articles of the Model Law.

A pre qualification phase also enables the number of participants to be invited to the electronic reverse auction to be assessed.

In practice, the greater the value and complexity of the procurement, the longer the normal duration of the electronic reverse auction.

Proposed revisions to article 34(8) of the Model Law, to permit the disclosure of information during an electronic reverse auction

Under the new EU directives, contracts are awarded after closing an ERA on the basis of the results of the electronic auction.

(5) In order to minimize the risk of collusive practices, including price signalling, and to preserve bidders' anonymity during the electronic reverse auction, enacting States may wish to specify the minimum number of suppliers or contractors in the appropriate market that are anticipated to participate in the electronic reverse auction .

(1) The electronic reverse auction is to be conducted as a tendering procedure, and accordingly the provisions of chapter III of the Model Law apply unless they are inconsistent with the nature of an auction procedure.

In procedures involving an electronic auction, some of these provisions apply to the initial tenders envisaged under paragraph 4 (a) of that draft article (that is, the tenders submitted and evaluated prior to the auction phase).

For instance, under article 1(7) of EU Directive 2004 18 EC, electronic auction is defined as a repetitive process involving an electronic device for presentation of new prices and or new values.

The Working Group may wish to consider whether the procuring entity should be required to state in the invitation to tender, or the invitation to prequalify as the case may be, that an electronic reverse auction will be held, as a condition of using the electronic reverse auction as a method of procurement.

Auction stage

Post auction

(d) bis Whether the tendering proceedings shall be conducted by way of an electronic reverse auction pursuant to article 47 bis and ter a

(2) In any procurement by means of an electronic reverse auction, the procuring entity shall may engage in prequalification proceedings in accordance with article 7 .

(i) bis In procurement proceedings involving the use of a procurement method pursuant to article 19 bis, the fact that electronic reverse auction was held.

The information concerned is the same as that proposed regarding in the invitation to participate in the electronic reverse auction under draft article 47 bis.

Pre auction stage

Invitation to auction

TED Global auction.

An auction with such a criterion would be a Model 2 electronic reverse auctions as described in paragraph 33 of A CN.9 WG.I WP.35.

The sections below address aspects of pre auction, auction and post auction stages commonly regulated by ERA specific provisions of existing regulations.

A. Pre auction period

Other pre auction measures

An electronic reverse auction (ERA) can be defined as an online, real time dynamic auction between a buying organization and a number of suppliers who compete against each other to win the contract by submitting successively lower priced bids during a scheduled time period.

Accordingly, the Working Group decided that neither construction nor services procurement in their entirety should be excluded from the provisions governing electronic reverse auctions, pending further deliberations as to which type of procurement would be suitable for electronic reverse auction.