Key Industry Perspective (KIP)
E-Auctions

Many companies have been invited to participate in reverse e-auctions to secure future business. For certain products this is becoming an ever-increasing factor of everyday commercial life. It is for companies to decide, based on their own commercial judgement, whether or not they wish to participate.

However, in coming to a decision as to whether or not to participate, companies should satisfy themselves that they are fully aware of what they are getting involved in. To assist FDF members with this process FDF has produced a checklist to ensure fair trading and to avoid misuse.

This checklist is not meant to be comprehensive but, provides a pointer to the areas which companies need to consider. This note does not remove the need for companies to take appropriate specialist legal advice before entering into an e-auction or specialist advice on taking part.

FDF full members can view the checklist in the members area.