An electronic auction is not a complete award procedure but may be included as a concluding component of another award procedure. An ‘electronic auction’ means a repetitive process involving an electronic device for the presentation of new prices, revised downwards, or new values concerning certain elements of tenders and which enables ranking through automatic evaluation methods.
An electronic auction may be implemented after tenders have been evaluated. One of the requirements that must be satisfied to be able to use electronic auctions is that contracts can be awarded as a direct result of the outcome of the auction. The contract documents and award criteria therefore need to be determined very precisely.