Home e-Sourcing FAQ Is Online Bidding Right For Me? Is Online Bidding specifically about forcing down prices?

Is Online Bidding specifically about forcing down prices?

Answer

No. The use of an Online Bidding in no way impacts upon buyer’s policy to award contracts on the basis of the most economically advantageous tender. An Online Bidding does offer the buyer the opportunity to arrive either at or close to the true market price in an efficient and transparent way, but does not encourage suppliers to submit bids at unsustainable levels.

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Is Online Bidding Right For Me?

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