An eAuction is a dynamic online negotiation process between pre-selected suppliers for a specific piece of business.
Suppliers compete online and in real-time using the internet to communicate offers.
During an eAuction, prices start at one level and change as suppliers offer improved terms to gain the contract.
Through these events, negotiations tend to conclude in minutes to hours rather than days and deliver savings in excess of those secured through traditional methods of negotiation.
- Framework Agreement Code:
- Framework Agreement Title:
- eAuction Services
- Framework Agreement Effective From:
- Framework Agreement Expires:
- OJEU Date Advertised: