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Initially, the Prozorro electronic bidding system was created to make public procurement more transparent. But when it proved its effectiveness, it began to expand. Now, through the open online trading system, you can not only buy goods, works or services, but also sell them.
The National Bank of Ukraine created a system adjacent to Prozorro Purchases - Prozorro Sales. Initially, it was intended for the quick and profitable sale of banks that went bankrupt. The reason for the need for such a service was that since 2014, when the country was hit by an economic crisis, a lot of such assets had accumulated, and it was necessary to sell them legally and transparently.
Liquid assets on transparently are sold at the market price, and bidders can fight for the right to purchase an interesting lot on equal terms. Even problematic assets began to be sold quickly, since there are always many people willing to buy them at an acceptable price in this system.
The principles of the system
Prozorro is a state system based on the principles of transparency and legality. The entire process of selling assets here is completely transparent: from the stage of exhibiting the lot to the determination of the auction winner and the transfer of ownership rights. Auctions are held on accredited online platforms such as https://zakupki.com.ua/, which are called trading exchanges. All auctions are conducted automatically without human intervention, which excludes errors caused by the human factor.
The price of the lot will depend on the demand for it. Bidders make their bids, determining the final value of the asset. Each subsequent bet cannot be smaller than the previous one by the established step. As a result, the winner will be the one who offers the highest price for the product.
Stages of purchasing a lot:
1. Choosing an electronic trading platform and registering on it.
2. Search for the necessary object of sale.
3. Acquaintance with the conditions of its acquisition.
4. Application for participation.
5. Completion of the participant's qualification procedure.
6. Making the initial payment.
7. Participation in the auction.
8. In case of victory, payment of the remaining part of the amount and registration of the right of ownership of the purchased lot.
The main principle of the Prozorro Sales system is "everyone sees everything". Anyone, including representatives of controlling bodies, can observe the course of the auctions. Thanks to this, fraud, corruption or collusion is excluded here. In the case of the slightest suspicion of unfair play, the participant will be excluded from the system forever.
For sellers, this system is good because it is possible to sell any asset here, even a problematic one. Thanks to free competition, many participants are fighting for the right to purchase an interesting lot here. This contributes to the formation of a fair market price.
What can be bought or sold through the Prozorro system
Online auctions sell real estate, land, scrap metal, transport, wood and much more. You can even buy a private plane or stationery here.
