English reverse auction

2020-09-23T11:04:26+01:0025. August 2020.|eAuctions, Other, Procurement|

English reverse auction In this auction type, the initial price gets lower during the auction, from the starting (highest) point to the final (lowest) point based on bids entered by participants. The negotiation process is not conducted face to face – suppliers compete against each other digitally to get the job. They enter their [...]