Publication: e-Reverse Auction Guidelines for MDB Financed Procurement
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Date
2005-12
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2005-12
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Borrowing countries are increasingly inclined to use electronic procurement systems and means for processing and managing MDB funded activities. This guide is intended to be used for the application of e-reverse auctions during the procurement process. Not all procurement is suitable for e-reverse auction. Some governments consider e-reverse auction to be a special case of e-bidding while others see it as part of e-Purchasing. For United Nations Commission on International Trade Law (UNCITRAL), an e-reverse auction is described as an online, real-time dynamic auction between a buying organization and a number of suppliers who compete against each other to win the contract by submitting successively lower priced bids during a scheduled time period. Where e-GP systems are intended to be used for e-reverse auctions for works, goods, or services under MDB financed procurement, the MDB administering division or resident office administering the project will, consistent with any approved delegations, evaluate the e-reverse auction features, standards, and operations to ensure it satisfies the conditions that follow in this guide. This guideline is divided into the following eleven sections: 1) system preparation; 2) bidding specifications; 3) advertising; 4) operation; 5) correspondence, amendments, and clarification; 6) access; 7) bid securities; 8) bid evaluation and contract award; 9) information security management; 10) authentication; and 11) other conditions.
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“Asian Development Bank; Inter-American Development Bank; World Bank. 2005. e-Reverse Auction Guidelines for MDB Financed Procurement. © http://hdl.handle.net/10986/19058 License: CC BY 3.0 IGO.”
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