AUCTION. A public sale in which property or items are sold to the highest bidder. On line auctions are allowed as directed by the Procurement Manager.

INFORMATION SERVICES. Data processing, telecommunications and office systems technologies and services.

INTERNET. The international computer network of both federal and nonfederal interoperable packet switched data networks, including the graphical sub network called the world wide web.

ON LINE SOLICITATION. A procurement process in which the City receives vendors’ bids or offers for goods, services, construction or information services electronically over the internet in a real time, competitive solicitation event.

REVERSE AUCTION. A procurement method in which offerors are invited to bid on specified goods or services through on line bidding and real time electronic bidding. During an electronic bidding process, offerors’ prices or relative ranking are available to competing offerors and offerors may modify their offer prices until the closing date and time. (Ord. 08-1137, passed 9-22-2008)