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

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

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.

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(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.

The holding of the auction

(1) During an electronic reverse auction

Invitation to auction

Auction stage

The existing regulations usually regulate the timing of the auction, bidding requirements and the extent of disclosure of information during the bidding process.

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Holding countries accountable

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Immediately after abortion of an auction, the reasons for the abortion shall be communicated at the Internet address fixed in the auction rules to those bidders who were last in participating in the auction (para.

Disclosure of information during the auction

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Holding Charities Accountable

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.

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

(xi) The criteria that shall determine the closure of the auction and

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

(c) The procuring entity may also at any time announce the number of participants in the auction but shall not disclose the identity of any bidder during the auction until the auction has closed.

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(v) The features of the tender that are to be presented at the auction

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A minimum period of time is usually required to elapse between the issuance of the notice of auction or invitation to the auction, as the case may be, and the opening of the auction.

The point is not to single out China.

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