Reverse auction

Reverse auction means the process for obtaining pricing, usually supported by an electronic tool, in which offerors see competing offerors' price, without disclosure of the competing offerors' identity, and have the opportunity to submit lower priced offers until the close of the auction.

Source

48 CFR § 2.101

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Scoping language

A word or a term, defined in this section, has the same meaning throughout this chapter (the Federal Acquisition Regulation (FAR)) unless the context in which the word or term is used clearly requires a different meaning or another FAR part, subpart, or section provides a different definition for the particular part or portion of the part. If a word or term that is defined in this section is defined differently in another part, subpart, or section of this chapter, the definition in this section includes a cross-reference to the other definitions and that part, subpart, or section applies to the word or term when used in that part, subpart, or section.

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