4.984 e Auctions

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auctionONE application for e-Auctions!

auctionONE application is provided by cosmoONE’s B2B platform, and is the right tool for real-time price negotiation, either in cases of relatively high-value purchases or in cases of sales.

e-auction is the most effective tool for real time negotiations. Bid submission among prequalified bidders in a controlled environment, and in action , replacing the previous practice of personal negotiations.
This procedure is completely transparent, and constant competition brings the best result possible, which, where appropriate, may be based either on the Lowest Price or the most Value for Money Bid, or any other combination.

e-auctions can be used in the following cases:

18 %

RECUCTION ON BUDGET !

  • Procurement tenders for only one winner.
  • Procurement tenders for multiple winners (ranking list).
  • Procurement tenders with only criterion the best submitted price for one item (good or service).
  • Procurement tenders with only criterion the best submitted price for a “basket” of items.
  • Procurement tenders based on Β/C (Benefit to Cost) criterion or VfM (Value for Money) criterion.

e-AUCTIONS MAY BE USED FOR ANY SUPPLY OF:

GOODS

including stationery, food, IT, consumables, furniture, medical equipment, telecommunications infrastructure, raw material, energy goods and fuel, real estate, cars…

SERVICES

including staff transfer services, courier, protection & security, dismantling & storage, advertising & promotion, insurance policies…

TECHNICAL PROJECTS

including construction and reconstruction of buildings, property preservation and renovation works, road construction contracts, integrated IT and infrastructure works…

In each e-auction, we apply specific methodology to determine the starting price, price step-ups, time extensions, and other significant factors.

             Selecting the right type of e-auction is crucial for the final result, as cosmoONE’s platform supports:

  • English – Best price wins.
  • Dynamic – Selection of winner-s by the participants’ best prices, according to their rank.
  • Open – Bid submission without rule. The best price among the participants’ last accepted bids, wins.
  • Sealed – Sealed auction with the permission of only one bid submission per participant.
  • MVB – Combination of prices and common variables based on a formula. The best formula result wins (English MVB) or selection of winner-s, according to their rank, based on the formula result (Dynamic MVB).
  • Weighted – Mathematical Formula with different coefficients per participant. The best formula result wins.
  • Math – Mathematical Formula that calculates technical evaluation and financial bid. The lowest bid affects the bid score of all participants. The best formula result wins.
  • Dutch – Quantity submission at the current price that changes according to a time step. The quantity is immediately granted to the participant.
  • Yankee – Price and quantity submission that is distributed by the auction system at the end of the auction, according to the i) best price , ii) best quantity iii) best time.
  • Japanese – In repeated rounds until only one participant remains.

DIRECT BENEFITS FOR YOUR COMPANY

COST REDUCTION

as potential suppliers who participate may submit new better prices.

LESS PAPERWORK

due to fewer objection procedures, since bid quotes are submitted online.

LESS TIME REQUIRED

since the presence of executives is not necessary for price negotiations.

TRANSPARENCY

since access to information is equal for all potential contractors, under the same, fair conditions.

EXCLUSIVELY ONLINE

no need to purchase special software or hardware, and no need for corporate IT support.

EFFICIENCY

as a similar auction scenario may be repeated at minimum cost and time.

Statistics from using e-auctions are truly impressive...

Did you know that in each e-auction the budget price decreases 30 times in average, and around 6 bidders take part in each auction, which means that each bidder submit his bid around 5 times!

Obviously, this may not be possible during personal negotiations!!!

 

4.908

e Auctions

1.326.450.936

BUDGET PRICE €

240.833.908

SAVINGS €

REVERSE E-AUCTIONS

Ideal for any type of tender for the purchase of products, goods or services, the evaluation of which may be specified with accuracy. The objective of this type of auction is achieving the best price, either the lowest one or in combination with other factors, including technical evaluation and scoring. Auctioning does not negate the obligation of a good specification procedure and method of evaluation.

FORWARD E-AUCTIONS

Ideal in case of selling and divesting one or more identical or different goods at a large quantity. The objective of this type of auction is to achieve the best selling price, the sale of a quantity under specific rules among a number of interested parties. It may be also used for market exploration by selling a certain number of packages that combine different goods and services.

See more about cosmoONE’s solutions!