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The electronic auction is one of the means how we can execute the purchase, sale or leasing of goods and services. Participants in the electronic auction at OnlineTender.sk compete for the object of caller’s procurement by changing the price of awarded goods or services, or by changing another defined parameter.

In a purchasing auction the caller can obtain the object of procurement at the lowest offered price. Change in the parameters of awarded goods or services give to the participant other procurement opportunities where the price need not be the only and main criterion for the evaluation of electronic auction.

In most cases, electronic auctions are anonymous for the participants, what to a certain degree eliminates possible agreement on price between two or more participants, and thus removes negative effects on the auction process itself, and increases its transparency.

© 2007 SLOVSHORE, Central European Application Services. Contact: info@onlinetender.sk

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