An online procurement process in which suppliers submit or revise bids electronically during a competitive event. Electronic auctions are commonly used to compare prices or other quantifiable evaluation criteria in real time. A reverse auction, in which suppliers compete by lowering their prices, is the most common form of e-auction.
E-Auction
An online procurement event where suppliers submit or revise bids electronically in real time, most commonly a reverse auction.
Useful Links
Related articles
September brought big defense production awards, a leadership reshuffle running from KBR to Trinzic to Serco, and an SBA size standard proposal already shaping M&A conversations.
If you are evaluating GovCon lifecycle management software, the question is not which tool has the most features. It is which platform keeps your data consistent, your compliance traceable, and your teams on a single source of truth from capture through contract administration.
This guide covers what a good handoff looks like, five criteria for evaluating platforms, the main platform types on the market, and how one team fixed the problem.
Related Glossary Terms
The official compilation of permanent U.S. federal laws, providing the statutory basis for many contracting requirements.
A global classification system used to categorize products and services for procurement and spend analysis.
A unique 12-character identifier assigned via SAM.gov to organizations doing business with the federal government, replacing the DUNS number.
See how VisibleThread transforms
t your RFP process.
t your RFP process.