The phrase refers to a specific platform or method for selling goods or services via competitive bidding processes carried out over the internet, concentrating on items related to transportation infrastructure or geographically defined locations. For example, a local government might utilize a dedicated digital space to dispose of surplus vehicles, equipment, or even land parcels associated with infrastructure projects.
Such systems offer transparency and potentially wider reach than traditional methods, allowing a greater number of interested parties to participate in the acquisition of these assets. This can lead to increased revenue generation and efficient resource management for the selling entity. The adoption of online auction models, particularly in sectors dealing with tangible property, reflects a broader trend towards digitization within government and commercial operations.
