S.L. 601.5 Art. 163Closing.

(1) Contracting entities shall close an electronic auction in one or more of the following manners:

(a) at the previously indicated date and time;

(b) when they receive no more new prices or new values which meet the requirements concerning minimum differences, provided that they have previously stated the time which they will allow to elapse after receiving the last submission before they close the electronic auction; or

(c) when the previously indicated number of phases in the auction has been completed.

(2) Where the contracting entities intend to close an electronic auction in accordance with sub-regulation (1)(c) possibly in combination with the arrangements laid down in sub-regulation (1)(b), the invitation to take part in the auction shall indicate the timetable for each phase of the auction.

(3) After closing an electronic auction contracting entities shall award the contract in accordance with regulation 170 on the basis of the results of the electronic auction.

Part VI Exclusion and Black Listing of Economic Operators