electronic auction

means a repetitive process involving an electronic system in which new prices, revised downwards, and/or new values concerning certain elements of tenders are presented, which occurs after an initial full evaluation of the tenders, and which enables them to be ranked using automatic evaluation methods

(art. 1 pct. 18 DECISION (EU) 2016/245 OF THE EUROPEAN CENTRAL BANK of 9 February 2016 laying down the rules on procurement (ECB/2016/2) (recast))

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