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[Cites 0, Cited by 0] [Section 3] [Entire Act]

State of Rajasthan - Subsection

Section 3(vii) in Rajasthan Public Procurement Rules, 2012

(vii)"electronic reverse auction" means an online real-time purchasing Technique utilised by the procuring entity to select the successful submission, which involves presentation by bidders of successively lowered bids during a scheduled period of time and the automatic evaluation of bids;