Yes it is, it works as follows:
- When you share a request, you can define a budget that a supplier must meet. This can be a lower and/or upper limit, for example.
- If a supplier proposes a candidate, the supplier also states a price. If that price exceeds the limits, the supplier will receive a warning. In some cases, the supplier might not even be able to submit a proposal.
- You evaluate the supplier’s proposal. Do you disagree with the price? Then you can return the proposal with a word of explanation as to why the price is challenged.
- The supplier decides whether it wants to lower the price and can then republish the proposal.
- During the negotiation phase, a proposal can be returned as many times as necessary until a price is obtained to which both parties agree.