In this digital world, an online government tender process is easy and straightforward and that is what Auctionsoftware offers. Our product “Reverse Auction” product competes for a simple and effective tender process for government and suppliers.
The entire process is handled by Reverse Auction which is a formal, structured invitation to suppliers to submit a bid to supply products, services and etc. Government tender board can easily post and publish an invitation for others to make a proposal.
The special feature is to prevent the fraud, corruption, closed-door negotiations, and unfair advantages of the contract. Contract management and indent management is the workflow involved in the preparation of tenders.
Time savings – an e-Auction does not have to take longer than half an hour, compared to a traditional negotiation process that can take days, cost savings, higher level of market transparency, no negotiation process and enhanced competition as more suppliers often are included than in a traditional negotiation process.