Open procurement - Auction module
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Open Procurement is an open-source software toolkit designed for automating and optimizing procurement processes, featuring a central database, API access, and an auction module for public and commercial procurements. It uses reverse auctions where sellers compete to offer the lowest price, which benefits buyers by reducing costs and improving market efficiency. The auction process involves multiple rounds of bidding, allowing for transparency and ranking of bids until a final decision is made.
Open procurement - Auction module
- 2. Open Procurement - is an open source software toolkit developed for procurement automation and optimization. The toolkit can be used for: public procurements commercial solutions
- 3. Open Procurement consists of: Central database (CDB) API - REST-ful interface that provides programmatic access to the CDB. Auction module 03
- 5. 5 05 is divided into 1. PROCUREMENT INITIATION 2. BID REGISTRATION 3. REVERSE AUCTION 4. QUALIFICATION 5. COMPLETION stages: Procurement process
- 6. The electronic reverse auction A reverse auction is a type of auction in which the roles of buyer and seller are reversed. 06 In an ordinary (forward) auction, buyers compete to obtain a good or service by offering increasingly higher prices. In a reverse auction, the sellers compete to obtain business from the buyer and prices will typically decrease as the sellers undercut each other.
- 7. The main benefits of reverse auction: The buyer is the primary beneficiary Reduction of purchasing costs Increased efficiency in the market Enhancement of the procurement process 07
- 8. $ Why the reverse auction? Suppliers compete to sell goods to the procuring entity at the lowest price. This mechanism significantly reduces the cost of product/service and allows buyer to compare prices, qualifications, and other factors at a glance. 08 When Auction module is initiated, auction page where users can monitor the auction progress is created.
- 9. The auction page displays: ID (identifier) of the auction Name of procuring entity Procurement subject Step reduction of bid Start value Time count Language options 09
- 11. Upon the auction start there is a pause for 5 minutes to let the bidders learn the bid values of their competitors. The auction START Once the period for procurement initiation and bid proposals registration ends, auction starts automatically on the pre-announced date and time. The system discloses initial bid values of participants (anonymously displayed). Once the 5-minute pause ends the system automatically announces the first round.
- 12. 5-minute pause before the auction 12
- 13. Individual Auction page 13 eMalls give bidders access to their individual web pages of the auction. Apart from the information available for all users, there is a field where they can make their bids.
- 14. The first round. Bidders individual auction page 14
- 15. t 1 In each round bidders take turns in descending order of their previous bid values (starting from initial). 15 Auction consists of three rounds: Each bidder has 2 minutes to enter bid and can change it if the allotted time hasn't run out. If the participant was inactive for 2 minutes, system will accept his bid and pass the turn to the next participant. When all participants have made their bids, system pauses for 2 minutes and announces the next round. 2 3
- 16. The first round
- 17. The second round results 17
- 18. The third round. Bidders individual auction page 18
- 19. Ranking 1 System ranks all submitted bids automatically by price, forming rating of bidders positions. After the third round system discloses complete information about bid proposals and participants who submitted them.
- 20. 20The results announcement and participants disclosure
- 21. Free and open source toolkit Reliable technology Based on Open Contracting standards Easy-to-use transparent procedures For both free and proprietary solutions Advantages of Open Procurement System 21
- 22. Find more information at: Project website: https://openprocurement.io API Documentation: http://api-docs.openprocurement.org Code repository: https://github.com/openprocurement Open Procurement case: https://quintagroup.com/cms/cases/openprocurement