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Auction types

  1. Japanese auction

This is the kind of auction you cannot be late to, right at the start time there is a price and a button to accept it. There is a specific time to make a decision. Once the price is accepted and the full decision time has passed, a new price appears. Price acceptance should be made until there is a value that we are unable to offer to the buying company.

For this auction, there is no information about the actions of other auction participants.

After the auction (if the Auction organizer requires it), a window will appear to confirm prices.

  1. Japanese multi-object auction

This is an auction you cannot be late to, right at the start time there are prices for the items provided and buttons to accept them. There is a specific time to make a decision. Once the prices have been accepted and the full decision time has elapsed, new prices appear for the products at which approval was previously made. Price acceptance should be made until there is a value that we are unable to offer to the buying company. For this auction, there is no information about the actions of other auction participants.

  1. Falling price auction

This is a type of auction during which the price on individual items is negotiated down. During the auction, you enter prices for individual products by typing them in the “Bid” column, then confirm the amounts entered by clicking on the orange “Place Bid” button. During the auction, you can use additional buttons available in the “Actions” column. The blue tick completes the bid column by topping the current best bid per item by the value of the minimum bid. The red minus subtracts the value of the minimum bid, and the green plus adds the value of the minimum bid. Remember that these are buttons that only complement the offer, in order to add them to the auction you must approve them with the “Place Bid” button.

The auction lasts a limited time + possible overtime. Overtime is additional time to respond in case a bid is placed by any auction participant in the last minute of the auction or overtime period. The amount of overtime is determined by the buyer and is available in the auction rules. The ranking is conducted for a specific amount.

  1. Rising price auction

This is a type of auction during which the price on individual items is negotiated up. During the auction, you enter prices for individual products by typing them in the “Bid” column, then confirm the amounts entered by clicking on the orange “Place Bid” button. During the auction, you can use additional buttons available in the “Actions” column. The blue tick completes the bid column by topping the current best bid per item by the value of the minimum bid. The red minus subtracts the value of the minimum bid, and the green plus adds the value of the minimum bid. Remember that these are buttons that only complement the offer, in order to add them to the auction you must approve them with the “Place Bid” button.

The auction lasts a limited time + possible overtime. Overtime is additional time to respond in case a bid is placed by any auction participant in the last minute of the auction or overtime period. The amount of overtime is determined by the buyer and is available in the auction rules. The ranking is conducted for a specific amount.

  1. Multi-object auction

This is a type of auction during which the price on individual items is negotiated down or up. During the auction, you enter prices for individual products by typing them in the “Bid” column, then confirm the amounts entered by clicking on the orange “Place Bid” button. During the auction, you can use additional buttons available in the “Actions” column. The blue tick completes the bid column by topping the current best bid per item by the value of the minimum bid. The red minus subtracts the value of the minimum bid, and the green plus adds the value of the minimum bid. Remember that these are buttons that only complement the offer, in order to add them to the auction you must approve them with the “Place Bid” button. During this type of auction, you can add a bid for the item of your choice, as the ranking is conducted for each item separately. Ranking information is available in the “My Bid” column.

The auction lasts a limited time + possible overtime. Overtime is additional time to respond in case a bid is placed by any auction participant in the last minute of the auction or overtime period. The amount of overtime is determined by the buyer and is available in the auction rules.

  1. Multi-criteria coefficient auction

This is an auction where additional criteria can be bid on, such as payment term, delivery date, etc. During the auction, values for each criteria are entered by typing them in the “Bid” column, then the entered values must be approved by clicking on the orange “Place Bid” button. During the auction, you can use additional buttons available in the “Actions” column. The blue tick completes the bid column by topping the current best bid per item by the value of the minimum bid. The red minus subtracts the value of the minimum bid, and the green plus adds the value of the minimum bid. Remember that these are buttons that only complement the offer, in order to add them to the auction you must approve them with the “Place Bid” button.

The auction lasts a limited time + possible overtime. Overtime is additional time to respond in case a bid is placed by any auction participant in the last minute of the auction or overtime period. The amount of overtime is determined by the buyer and is available in the auction rules. Ranking is carried out according to the scores received for each criterion.