Winner with the absolute best price, no ties.
Winner for the best overall result of individual prices.
Winner for the best Net Present Value.
Winner for the best sum of supplier price
and buyer surcharge.
Weighting in terms of Price/Performance.
Winner in optimal
Cost/Performance Score ratio.
Comparison of technical scores and prices
with weighting factors
for the best result.
Winners based on ranking
with the possibility of ties.
Winners based on the price
and bid quantity.
Winners based on the price and quantity, progressively deducted during the auction.
English – The absolute best price wins.
A price is given for the total quantity and the lowest price wins. There are no draws.
Dynamic – Selection of winner or winners among the best bids of each participant, depending on their ranking
The participants try to occupy one of the first places that gives “partial win”.
MVB – Combinarion of values (prices) and common variables based on a mathematical equation.
The best overall result of the mathematical formula wins. Participants give prices for each item on the supply list and the system automatically adds up the final total.
Weighted – Mathematical formula with different coefficients per participant.
The best result Σ of the mathematical formula Σi=ai+bi*Ki/Ti wins. An online calculation of the best Cost / Ranking result is made taking into account fixed costs and scores (ranking).
Comparative –In each offer, its rating is compared online in terms of the highest score among all offers, and its price in terms of the current lowest price. The lowest financial offer affects the evaluation of all participants, while the mathematical formula Σi=a*Ti/Tmax+b*Kmin/Ki also uses the weighting factors for the technical and financial comparison.
Dutch – For purchases and sales of a large number of similar products. A quantity is submitted at the current price which is automatically changed by the system at a specific time step. The quantity is awarded directly to the participant who submitted it and is no longer negotiable.
Yankee – For purchases and sales of a large number of similar products with restrictions on the price or quantity that one can commit. In each price and quantity submission, a classification and temporary commitment is made, and in the end the system definitively distributes the available quantity according to 1) the best price, 2) the best quantity, and 3) the earliest bidding time.
Net Prestent Value – Reduction of total costs to present value.
The participants have the right to adjust the financial prices throughout the supply schedule, so that the best present value is obtained by reducing prices according to a fixed rate for all.
Open – Submission of bids without any rule.
The best price among the last accepted offers of each participant wins. The participants take care of maintaining a competitive price based on the current conditions.
Sealed – Closed Tender with the possibility of submittining a single offer.
It is a simulation of a closed folder process that can unfold in rounds.
Because personal negotiation is not as effective as the trading between your own Suppliers, who may have other goals that are completely unknown or indifferent to you, such as market share or even returns from the manufacturer by achieving a sales goal (rebate). Also, the personal negotiation needs preparation, time and usually the presence of others, while the electronic one is done without your intervention and you can, if you want, watch it via the Internet.
Of course, because e-Auction creates conditions of competition, and the possibility of submitting multiple bids creates many “virtual suppliers”, which is completely impossible with the traditional method of bidding in a sealed envelope.
Certainly, it is enough to have the ranking of the quality evaluation of each offer and the way-type of correlation of the rankng with the price. The comparison is made online in e-Auction system.
And this case is satisfied through a specific type of auction that “burdens” with the respective fixed shipping costs the successive offers of the Suppliers through the e-Auction system.
In these cases, we use the e-Auction type based on the best Net Present Value. Thus, you can compare not only the purchase cost with the inclusion of different payment schedules, but also the total cost of ownership, taking into account for the coming years, the costs of maintenance and support of your equipment.
Of course, by using the Multi Variable Bidding Auction as the most appropriate type, where the unit price is submitted for each item, the system calculates the final total online by multiplying the unit prices by the corresponding quantities and summing the individual products.
Today, all your Suppliers, companies or entrepreneurs submit their tax declaration electronically, so either they or their accountant has access to the Internet. Special knowledge to give your price on a computer screen, is not required. In addition, the e-Auction service provider will educate the Suppliers, will answer any questions and solve any problems in the educational auction that precedes the regular one.
He has to agree, because this is your process and if he does not follow it, he has no hope of bidding otherwise. But the best reason for him to take part in the auction, is that he can give again, if he wants, a better offer, in case the previous one he submitted is not competitive enough having the risk of losing. This chance is not offered in the case of closed envelopes auction where he practically relies on luck and has no ability of biding with his competitors. Ultimately, he can only offer one bid through the system and log off.
Not necessarily. He sees what you will allow him to see, and it is common for each Vendor to see his ranking (1st, 2nd, etc.), without knowing the best price, nor who has submitted it. Thus, on the one hand, price confidentiality is maintained, and on the other hand, the process becomes competitive.
You can see everything, i.e., company name, prices and submission time for all Suppliers. In some cases, if required by your company’s procurement regulations, the Tender Committee does not see company names during the e-Auction, but only prices, so that the anonymity of the participants is completely preserved.
As a rule, one week from the moment you already have the list of the candidates participating in the auction, i.e., those Suppliers for whom the last selection criterion is the prices.This time is sufficient for the registration, training and participation in the trial auction of all invited Suppliers.
Certainly, but you should know that there are specific rules of conduct that are defined by the country Legislative Framework Law (the Law 4412/16 in Greece).
Auctions for GOODS
Office supplies, food, IT equipment, consumables, furniture, medical equipment, telecommunications infrastructure, raw materials, energy and fuel, real estate, cars, etc.
Auctions for SERVICES
Staff transport, courier services, security services, dismantling, storage, advertising, insurance contracts, etc.
Auctions for PROJECTS
Construction and reconstruction of buildings, maintenance and renovation, road construction contracts, integrated IT and infrastructure projects, etc.
from the possibility of submitting new improved prices by the participating candidate suppliers.
from the reduction of objection procedures after the electronic submission of financial bids.
since the personal presence of the executives in the financial negotiation is not required.
since the access to the information by the participants in the claim of the supply is done with the same, inviolable for all terms.
does not require the purchase of special software or hardware and the contribution of your company’s IT support.
since it is possible to repeat a similar auction scenario with minimal cost and in very short time.
Total budget €