e-Auction


  • The e-auction methodology that b2btender uses, is reverse auction where the bidders are expected to decrease their prices.
  • Buyer can invite its suppliers to a reverse auction and benefit from their web based and real time competition.
  • e-Auction may not guarantee the lowest price ever before, but commits the fair market value obtainable at that point of time under the existing market conditions.
  • As the number of bidders increases, the competition and hence the market price will be more fair.
  • The flexible design of b2btender enables the buyer to organize one single e-auction for multi number of different product and service(s) simultanously.
  • It is buyer’s saving to determine the rules of the e-auction. You as bidder needs to read and understand these rules and offer your best price)s) at the e-auction.
  • Principal requirement for a succesful e-auction is to communicate these rules to every bidder early enough to secure the information equilibrium.
  • You, as bidder needs to read and understand these rules and offer your best price(s) at the e-auction.
  • Duration of e-auction is set to be minimum 20 minutes or longer at multiples of 5 minutes.
  • What will be visible to you before or during e-auction is dependent on the buyer. Whatever is visible, will be visible to all bidders including you. The visibility of the lead price, the ranking of the bidders, the names of other bidders, prices of the other bidders during the e-auction are heavily impacting the competition and are decided by the buyer. Such rules are communicated to the bidders invited before the e-Auction starts.
  • If buyer thinks that it is his advantage then, may ask you to enter your prebid offers before the e-Auction starts. Otherwise, you and other bidders will enter your first bids after e-Auction starts.
  • Bidding mechanism during the e-Auction is designed to conduct a speedy but reliable auction.
  • In case multi products and services are auctioned simultanously, you and other bidders may enter each item prices one by one or may enter a total price.
  • Should you prefer entering a total price, b2btender platform distributes the total among items based on their weighted averages over the latest itemized prices. You can post the offer either based on the calculation by b2btender or can still change the individual prices manually then post the corrected offer.
  • Mimimum bid is the minimum reduction amount that you should decrease at one time.
  • Maksimum bid is the maximum reduction amount in terms of percentage at one time. It protects youfrom reducing your price too much accidentally.
  • Buyer, if prefers, can organize last minute extensions for the auction.When Last Lead Period is defined by the buyer, any lead price change during this period, will add extra time to the auction. As an example if buyer defines the Last Lead Period as 3 minutes and Extension Duration as 2 minutes; a change in lead price within the last 3 mins of the auction will add 2 minutes to the auction. If buyer enters zero to the Lead Decrease Period, the auction will not extent.
  • When you receive an e-Auction invitation, first thing you need to do is to approve the Non-Disclosure Aggrement in order to access to the content of the e-Auction. If you decline the NDA, e-Auction invitation will disappear from your inbox.
  • Once you review the content of e-Auction, must accept or decline the e-Auction invitation. Declining means that you will not participate to the e-Auction.
  • Acceptance means that you are committed to participate to the e-Auction at the defined timeline.
  • During the e-Auction, the content of screens for the buyer and bidders are different. Hence, you can only see what is allowed by the buyer as communicated before the e-Auction starts.