Business Pitch Dictionary by pitch.dog
Procurement evaluation & award · Working

E-auction

Also called: electronic auction

ELI5

An electronic competitive bidding event.

Used in conversation

“Procurement needs the basis for e-auction before suppliers price the work.”

Pitch context

You will see “E-auction” in operating plans, procurement packs, supplier reviews and supply-chain reports when the discussion reaches procurement evaluation & award.

Why it matters: In procurement evaluation & award, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 3

Direct term-level sources and supporting source families.