Wednesday, April 13, 2016

IREPS e-Auction: What is Reverse Auction in terms of IREPS application?

Reverse Auction Process works on the same lines as the Forward Auction for bidding purposes. The difference lies in the fact that tenders are required to be created to invite and technically qualify the vendors for bidding on items tendered in Reverse Auction tenders which does not happen in Forward Auction. 

In the Reverse Auction process there will be a single item available for Bidding and when suppliers quote their prices, they get to see a different rate submission page than seen in Forward Auction bidding process. In case of the Reverse Auction, the Enter Rate page of Bidding Engine will ask for one or more than one Rate depending upon the no. of consignees for the item available for the Bidding. The other technical and non technical details of Reverse Auction Bidding process remain similar to the Forward Auction Bidding process

IREPS: Indian Railways e-Procurement System

No comments :

Post a Comment