The sections below address aspects of pre auction, auction and post auction stages commonly regulated by ERA specific provisions of existing regulations.

Auction stage

Post auction

In the longer term, other innovative sources of finance for development should also be considered to supplement the Facility.

Pre auction stage

Invitation to auction

A. Pre auction period

Other pre auction measures

On the morning of August 9, before the beginning of the auction, Mr. Liu, a citizen, came to the auction site to wait, with his auction number in his hand.

The holding of the auction

The Brazilian system permits bidders to challenge the time fixed for the auction and request extensions of the auction.

(c) The procuring entity may also at any time announce the number of participants in the auction but shall not disclose the identity of any bidder during the auction until the auction has closed.

A minimum period of time is usually required to elapse between the issuance of the notice of auction or invitation to the auction, as the case may be, and the opening of the auction.

Disclosure of information during the auction

Immediately after abortion of an auction, the reasons for the abortion shall be communicated at the Internet address fixed in the auction rules to those bidders who were last in participating in the auction (para.

The position of the MDBs, as communicated to the secretariat, is that for the operations that they fund, they will not accept such a chat facility and will require a fully automated auction without the participation of an individual representative of a government.

Because we had this auction, you see.

It has also been noted that longer term support through the development of other innovative sources of finance for development should be considered to supplement the Facility.

(b) Procuring entities must provide instantaneously communicate to all bidders on a continuous basis during the auction with sufficient information to enable each to establish its own current ranking in the auction whether it has the top ranking in the auction to establish the changes needed to any bid to give it the top ranking in the auction

(5) The procuring entity shall allow a period of time to elapse between the issuance of the invitation to participate in the electronic reverse auction and the opening of the auction sufficient so as to ensure sufficient participation in the auction.

It went for 20 billion pounds through auction.

The Austrian law adds to that a possibility of terminating an auction by a procuring entity if serious reasons objectively justify ( abortion of the auction ).

Facility monitoring

Most information related to an ERA is made available to participants already at the stage of advertising a notice of auction, in particular in the auction rules.

(iii) The website address at which the electronic reverse auction will be held, and at which the auction rules, the tender and other relevant documents will be accessible

Requiring initial tenders to include all features, including those to be presented through the auction, may assist the procuring entity in setting a starting price for the auction.

c. Exposed facility

Global Environment Facility

Global Environment Facility

In addition, only features of tenders that are quantifiable as price equivalents so as to allow for automatic evaluation during the auction itself may be presented through the auction.

(g) Decide to launch, in 2005, an International Financial Facility to support an immediate front loading of official development assistance, underpinned by commitments to achieving the 0.7 per cent ODA target no later than 2015 and to consider other innovative sources of finance for development to supplement the Facility in the longer term

In some systems, the law requires the name of the successful bidder to be communicated immediately after termination of the auction to the Internet address fixed in the auction rules.

However, the design itself is not itself evaluated during the auction.

(1) An electronic reverse auction (electronic reverse auction) can be defined as an online, real time dynamic auction between a buying organization and a number of suppliers who compete against each other to win the contract by submitting successively lower priced or better ranked bids during a scheduled time period.

(2) The auction shall be closed in accordance with the precise method, dates and times specified in the solicitation documents or in the invitation to participate in the auction, as follows

C. Slum Upgrading Facility

GEF Global Environment Facility

According to Xiao Lei, all the 45 cars at this auction have been auctioned in excess of their auction starting prices with the total starting price being 998,500 yuan and the total transaction price 2,626,000 yuan. This total transaction price is a little higher than the anticipation price of the auction company.

Article 47 bis provides that the electronic reverse auction is to be suspended abrogated should the number of bidders drop below that minimum before the opening of the electronic reverse auction itself.

One of the inherent features of an ERA is that it enables current information about the status of the auction to be provided to bidders automatically and instantaneously as an auction unfolds.

(xi) The criteria that shall determine the closure of the auction and

Article 47 ter. Conduct of electronic reverse auctions during the auction itself

insert further guidance as regards closure of auction see paragraph 30 above .

In some systems, anonymity of bidders is preserved also after the auction.

The software used for the auction may provide for the closure to be effected electronically or the procuring entity may close the auction, with safeguards in place to avoid the risk of abuse.