Scribd
Upload
30 views

ReverseAuctionMethod Part3

The document discusses the bidding process for a public tender. It explains that bidders click on a hammer icon to access the bidding page, where they can enter their price in a "My Auction Price" field in decrements of the set price decrease. Bidders must enter a price lower than the current amount by multiples of the decrease price to submit a valid bid. The document provides instructions on how to participate in an online auction for a public tender.

Uploaded by

arghya
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
30 views

ReverseAuctionMethod Part3

The document discusses the bidding process for a public tender. It explains that bidders click on a hammer icon to access the bidding page, where they can enter their price in a "My Auction Price" field in decrements of the set price decrease. Bidders must enter a price lower than the current amount by multiples of the decrease price to submit a valid bid. The document provides instructions on how to participate in an online auction for a public tender.

Uploaded by

arghya
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 1

E Public Tender no.

HCC/LUBE-47/LT-60/2018-19
Page 3 of 5
Sub :

6.1.3. Bidder shall click on the hammer (as indicated in above screen shot) against
the respective tender, it will take bidder to the new page. In case of single lot auction,
new page will be like as shown below:

6.1.4. Here bidder will quote his price in “My Auction Price: Rs” field.
My Auction Price field will accept any value arrived by deducting
Current Price by Multiples of Decrement Price. E.g. in above screen
Bidder shall be able to quote X where X=49700000- n*100000 where n is
any integer. After quoting the price in My Auction Price field, bidder shall

Page 3 of 5

You might also like