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What Is a Prize Competition (Auslobungsverfahren, Germany)?
This is a German procurement term. A contest in which a prize is offered for the best solution or idea.
What is an Auslobungsverfahren?
A contest in which the buyer offers a prize for the best solution, idea or design, judged by a jury. The term is used for planning and design contests.
Does the winner get the contract?
Often the buyer reserves the right to award the subsequent planning contract to the winner through a negotiated procedure without further competition.
Is participation paid?
Prizes are awarded to the winners. Other participants may receive a fee if the contest requires significant effort.
