RFP auction software that scores proposals and competes on price.
Combine a structured request-for-proposal process with a live competitive pricing round. Unovance Global lets procurement teams qualify on capability, then compete on cost — all on a branded platform you own.
An RFP auction brings two sourcing tools together. First, suppliers submit a structured proposal — scope responses, capability evidence, compliance documents, and line-item detail — so every bid arrives in the same comparable form. Then qualified vendors enter a competitive pricing round, where price moves in real time among suppliers who have already proven they can deliver.
The result is the best of both worlds: the qualitative rigor of an RFP and the cost discipline of an auction. You never trade scope for price, and you never award to an unqualified low bid. It is the right format for services, contracts, and complex procurement where capability and cost both decide the outcome.
On Unovance, the entire workflow — proposal templates, weighted scoring, shortlisting, and the live pricing event — runs on a platform you brand and own. Your supplier list, bid history, and award records stay yours, sharpening every sourcing event that follows.
Everything you need to run proposal-plus-price events.
Structured proposal submission
Suppliers respond to defined line items, scope questions, and document uploads — so every proposal arrives in the same comparable shape, not a stack of mismatched PDFs.
Competitive pricing layer
On top of the written proposal, qualified vendors compete on price in real time, giving you the lowest defensible cost without sacrificing scope or quality.
Weighted scoring and shortlisting
Score proposals on price, capability, compliance, and timeline using configurable weightings, then advance only shortlisted vendors into the pricing round.
Full audit trail
Every submission, revision, question, and bid is time-stamped and retained, so award decisions hold up to procurement governance and supplier scrutiny.
Frequently asked questions
What is an RFP auction?+
An RFP auction combines a traditional request for proposal with a competitive bidding event. Suppliers first submit structured proposals covering scope, capability, and compliance; qualified vendors then compete on price in a live auction round. You get both the qualitative detail of an RFP and the price discipline of an auction.
Who uses RFP auction software?+
Procurement teams, facilities and services buyers, contractors sourcing subcontractors, and any organization awarding contracts where both the written proposal and the final price matter. It is especially useful for services, multi-year contracts, and complex supply agreements that a price-only reverse auction would oversimplify.
How is this different from a plain reverse auction?+
A reverse auction is purely about driving price down among pre-qualified suppliers. An RFP auction adds the structured proposal stage first — scope responses, documents, and weighted scoring — so price competition only happens between vendors who already meet your requirements. You award on value, not just the lowest number.
Why does ownership matter for RFP auctions?+
With Unovance you run RFP auctions on a platform you brand and control, keeping your supplier relationships and historical bid data in-house. Instead of renting a procurement marketplace, you own the buyer relationship and the data that makes every future sourcing event smarter.
Related formats & resources
Source smarter with RFP auctions you own.
See how Unovance Global combines structured proposals with competitive pricing on a platform you brand and control. Talk to our team about your procurement workflow.