Agora has implemented the ability to conduct electronic trading in Federal Law 223 / Federal Law 495. (relevant for the Russian market)
There are 3 options for bidding: Reduction, Auction, Supplier Selection.
- Reduction - bidding with a decrease in price (bidding for a fall). As a rule, at the conclusion of the contract a tender is held, but there are times when it is necessary to carry out an additional reduction between several participants.
- Auction - a public sale of products, securities, property of enterprises, works of art and other objects, which is carried out according to pre-established auction rules.
- Supplier selection - is used by the contractor to select a supplier according to specified conditions.
