Sentences with phrase «reverse auction»

Emiliani used to run reverse auctions for jet engine manufacturer Pratt & Whitney.

9) I was an early critic of reverse auctions organized by the US Treasury, largely because of the complexity involved.

The article states that law firms participating in reverse auctions congregate in an online chat room where they bid anonymously for legal work as a clock counts down the minutes left in the auction.

«People characterize reverse auctions as a best practice,» says Emiliani, «but you can't just send the blueprints to the next guy and expect the same quality.»

Input proposed procurements into FedBid under reverse auction to effectively compete requirement for commodities.

According to the WSJ, companies such as GlaxoSmithKline PLC, eBay Inc., Toyota Motor Corp. and Sun Microsystems are already using reverse auctions.

Instead, buyers merely post unlimited free reverse auctioned - classifieds... for a particular good or service.

The advent of reverse auctions led Greg Gartner to completely rethink his approach to business.

Small companies are increasingly holding their own reverse auctions, according to Jemin Patel, CEO of HedgeHog, a Carmel, Indiana, company that sells auction software.

«I think we have five separate items, one to do with surety bonding, one to do with reverse auctioning, one to do with the military.»

Cheaper capital is one reason why reverse auctions elsewhere are yielding unsubsidized utility - scale solar bids twice as cheap as India's.

Prescribes procedural guidelines including auction and reverse auction procedures.

Even though it was just a 6 % decline from the previous lowest wind tariff, deflation since the introduction of transparent reverse auctions in 2017 is in the order of 50 % (Rs2.43 / kWh vs Rs4.5 - 5.00 / kWh).

Feed - in tariffs; FiT; solar PV; residential solar PV; reverse auction FiT; parity; Levelised cost of energy; LCOE; Diffusion of innovations; dynamic efficiency; allocative efficiency; Sustainable; Social progress; Environmental protection; Social inequity; DUOS; TUOS; smart meters

Tenders for solar - plus - storage projects on French island territories including Corsica, Guadeloupe and Martinique have resulted in winning bids often 40 % lower than the victors of previous reverse auctions.

Electricity tariffs discovered in the latest reverse auctions conducted by the state - run Solar Energy Corporation of India (SECI) for 2,000 MW of wind power have brought relief to the industry.

Executed eRFQs and reverse auction campaigns and implemented supplier relationship and scorecard measurement processes and standards.

But legal operations is responsible for creating a systematic process that leads to those decisions — from RFPs to reverse auctions As the department and the team matures, their outward focus will expand (e.g., vendors, LPO) and turn inward (e.g., analytics, information governance, and process automation).

Instead, buyers merely post unlimited free reverse auctioned - classifieds -LSB-...]

Other firms such as Costco, Xerox Corp. and Cisco Systems Inc., however, have steered clear of reverse auctions.

These markets have experienced brokers who either reverse auction your premises with other businesses or undertake a comparison of the most competitive rates.

The FCC will first hold a «reverse auction,» gradually reducing its offer to the lowest amount participating TV broadcasters will accept.

So you've been bitten by a reverse auction.

Now a professor at Central Connecticut State University, Emiliani warns that «reverse auctions are like a crash diet» for companies — a rapid and unhealthy way of trimming costs.

Reverse auctions, he argues, lead suppliers to cut their margins at the expense of quality and innovation.

For the first time a forward and reverse auction has been devised and executed.

Overview [edit] The interest rates are set by lenders who compete for the lowest rate on the reverse auction model, or are fixed by the intermediary company on the basis of an analysis of the borrower's credit.

Players play for the item until someone decides to purchase - it's like a reverse auction!

Priceline patented its idea for a «reverse auction» in which customers submit bids on things such as airline tickets and cars, while the company decides whether it will sell at that price.

Or, if companies like Digital Manga, Inc. are going to host their own crowdfunding anyway, why not do like a reverse auction?

It may also include a reverse auction for student loans to enable borrowers to get lower cost loans.

I decided to hold auctions and reverse auctions.

On the reverse auctions, I would solicit liquid bonds to be sold to me — maximum spread wins, subject to a reservation spread, or a minimum number of offerers.

I think the complexities of the reverse auctions on small illiquid distressed securitized assets will prove difficult.

99 Designs is basically what's called a «reverse auction» platform.

Under Modi, reverse auctions and other supportive policies have cut solar energy costs to below 5 rupees (7.5 U.S. cents) per kilowatt - hour — lower than India's average wholesale power rate.

One of Liebreich's themes is what he calls «The March of the Price Signal» — the rapid expansion of global deployment programs, especially market - based mechanisms such as renewable portfolio standards and reverse auctions.

«On the basis of these recommendations, the Government will support investment for up to 400MW of a diversified renewable energy capacity by providing revenue certainty through a reverse auction process, including a 100MW energy storage component, with an emphasis on supporting local jobs and benefits,» he added.

That pool of homes was then grouped together, and installers invited to tender for that work under a reverse auction designed to deliver collective savings.

The Wall Street Journal reports today on the growing practice among big companies of using «reverse auctions» to award legal work to law firms.

Have any of you participated in a reverse auction for legal work, either on the company side or the law firm side?

Ariba, a company that sells one of the main reverse - auction software tools, estimates that a whopping (and surprising) 40 percent of today's market for legal work «is contracted through electronic, online means, most of which involve a reverse auction.»

The concept is essentially that of a reverse auction, in which the providers of a service compete to obtain the consumer's business.

Societe Generale has kicked off a reverse auction process for the final round of its ongoing global panel review.

A new «reverse auction» Web site, Tip - Mart, enables purchasers of legal services to accept bids from interested lawyers and law firms.