Two stage tendering, like an auction, involves successive tendering phases, but the Model Law does not give any guidance on how article 33 applies to two stage tendering.

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.

(Those provisions are incorporated by cross reference to chapter III of the Model Law in articles 46 (1) (two stage tendering) and 47 (3) (restricted tendering), and similar provisions are implied in article 48 (6) (request for proposals).

The Working Group may also wish to make an equivalent provision in two stage tendering.

(4) Paragraphs 4 (a) and (b) allow for either open tendering principles to be adopted (that is, all qualified suppliers can participate), or limited tendering, such that only those bidders that have the best ranked bids are invited to participate.

(b) The establishment, in advance, of conditions for participation, including selection and award criteria and tendering rules, and their publication

Some tendering services even divide types of business very finely in their own way, by CPV (Common Procurement Vocabulary) codes.

In tendering procedures, articles 33 (2) and (3) also provide for the opening of tenders in the presence of participants, and the provision of information to suppliers on the identity and price of other tenders, to enable suppliers to monitor the application of the rules, but only once the tendering phase is complete.

(f) Article 30 (2) (requiring entities to extend the tendering deadline when it makes changes to its requirements)

As to its location, the Working Group may consider that the draft article should be presented as part of chapter II ( Methods of procurement and their conditions for use ) and, as a form of tendering, after the current article 19 ( Conditions for use of two stage tendering, requests for proposals or competitive negotiation ).

Participation shares

The conduct of the auction itself would under the draft text below be governed by the principles and objectives of the rules governing tendering.

insert guidance regarding ranking of initial tenders see paragraph 23 above and guidance on use of open and restricted tendering see paragraph 24 above .

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Executives interests were tied to the value of their firms common shares or even to the value of options on such shares.

Secondly, they can enhance the efficient allocation of resources (reducing the time required to conduct a procurement, and reducing the administrative costs of the traditional open tendering procedure).

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There may be no fractions of participation shares.

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Participation shares in the budgets of the Organization

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