Common use of E-AUCTIONS Clause in Contracts

E-AUCTIONS. 8.1. The Contracting Body shall be entitled to formulate its Statement of Requirements in accordance with paragraph 3.1.5 and invite the Supplier to a further competition using a reverse auction in accordance with the rules laid down by the Contracting Body in accordance with the Regulations prior to the commencement of any such further competition. 8.2. The Supplier acknowledges that Contracting Bodies may wish to undertake an electronic reverse auction, where Suppliers compete in real time by bidding lower as the auction unfolds ( an "Electronic Reverse Auction"). 8.3. Before undertaking an Electronic Reverse Auction, the relevant Contracting Body shall make an evaluation of all proposals against all criteria other than those which will be the subject of the Electronic Reverse Auction. 8.4. The Contracting Body shall inform the Suppliers of the specification for the Electronic Reverse Auction which shall include: 8.4.1. the information to be provided at auction, which must be expressed in figures or percentages; 8.4.2. the mathematical formula to be used to determine automatic ranking of bids on the basis of new prices and/or new values submitted; 8.4.3. any limits on the values which may be submitted; 8.4.4. a description of any information which will be made available to Suppliers in the course of the Electronic Reverse Auction, and when it will be made available to them; 8.4.5. the conditions under which Suppliers will be able to bid and, in particular, the minimum differences which will, where appropriate, be required when bidding; 8.4.6. the date and time of the start of the Electronic Reverse Auction; and 8.

E-AUCTIONS. 8.14.1. The Contracting Body shall be entitled to formulate its Statement of Requirements in accordance with paragraph 3.1.5 2.1.5 and invite the Supplier to a further competition using a reverse auction in accordance with the rules laid down by the Contracting Body in accordance with the Regulations prior to the commencement of any such further competition. 8.24.2. The Supplier acknowledges that Contracting Bodies may wish to undertake an electronic reverse auction, where Suppliers compete in real time by bidding lower as the auction unfolds ( an "Electronic Reverse Auction"). 8.34.3. Before undertaking an Electronic Reverse Auction, the relevant Contracting Body shall make an evaluation of all proposals against all criteria other than those which will be the subject of the Electronic Reverse Auction. 8.44.4. The Contracting Body shall inform the Suppliers of the specification for the Electronic Reverse Auction which shall include: 8.4.14.4.1. the information to be provided at auction, which must be expressed in figures or percentages; 8.4.24.4.2. the mathematical formula to be used to determine automatic ranking of bids on the basis of new prices and/or new values submitted; 8.4.34.4.3. any limits on the values which may be submitted; 8.4.44.4.4. a description of any information which will be made available to Suppliers in the course of the Electronic Reverse Auction, and when it will be made available to them; 8.4.54.4.5. the conditions under which Suppliers will be able to bid and, in particular, the minimum differences which will, where appropriate, be required when bidding; 8.4.64.4.6. the date and time of the start of the Electronic Reverse Auction; and 84.

E-AUCTIONS. 8.1. The Contracting Body shall be entitled to formulate its Statement of Requirements in accordance with paragraph 3.1.5 2.1.5 and invite the Supplier to a further competition using a reverse auction in accordance with the rules laid down by the Contracting Body in accordance with the Regulations prior to the commencement of any such further competition. 8.2. The Supplier acknowledges that Contracting Bodies may wish to undertake an electronic reverse auction, where Suppliers compete in real time by bidding lower as the auction unfolds ( an "Electronic Reverse Auction"). 8.3. Before undertaking an Electronic Reverse Auction, the relevant Contracting Body shall make an evaluation of all proposals against all criteria other than those which will be the subject of the Electronic Reverse Auction. 8.4. The Contracting Body shall inform the Suppliers of the specification for the Electronic Reverse Auction which shall include: 8.4.1. the information to be provided at auction, which must be expressed in figures or percentages; 8.4.2. the mathematical formula to be used to determine automatic ranking of bids on the basis of new prices and/or new values submitted; 8.4.3. any limits on the values which may be submitted; 8.4.4. a description of any information which will be made available to Suppliers in the course of the Electronic Reverse Auction, and when it will be made available to them; 8.4.5. the conditions under which Suppliers will be able to bid and, in particular, the minimum differences which will, where appropriate, be required when bidding; 8.4.6. the date and time of the start of the Electronic Reverse Auction; and 8.