Auction event definition

Auction event means a competitive process conducted via the internet in which prequalified responsive and responsible bidders compete to submit the lowest price;
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Auction event means a process in which participants, selected in Zero Hash's sole discretion, may bid on a defaulting Participant's positions.
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Auction event means a competitive process conducted in which prequalified responsive and responsible bidders compete to submit the lowest price.
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Examples of Auction event in a sentence

  • Preparation may include, but is not limited to: configuration of the auction computer system, testing of the bidder interface, review and discussion of Online Reverse Auction event procedures and other documentation, and training.

  • The awarded Contractor(s) shall pay the Fee to EASI for all payments received from the Client Agency, any of its political subdivisions or any other entity resulting from the Reverse Auction event or subsequent Contract.

  • Such determination will be a pre-requisite to participation in the Reverse Auction event.

  • Any audio or video aspects of an Online Auction event are for entertainment purposes only.

  • At the end of Reverse Auction event, the lowest bidder value will be known on auction portal.

  • Each compliant Tenderer may be provided with a spreadsheet by Intenda, prior to the date on which the Reverse Auction event is scheduled to take place.

  • The participating Qualified Bidders from Phase I will receive their rank relative to the best bid during the Online Reverse Auction event.

  • The maximum starting bid for the Online Reverse Auction event will be $10,200,000.00.

  • All participating Bidders in Phase II will remain anonymous through use of MFMP Sourcing Online Reverse Auction event.

  • Each Tenderer would be required to return the completed spreadsheet to Intenda within two working days of the Reverse Auction event having taken place.


More Definitions of Auction event

Auction event means an auction within which any recycler may submit a Bid on one or more Lots.
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