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ReverseAuctionMethod Part5

This document discusses auction procedures for multiple lots. It explains that the presence of a hammer icon and bid values indicate an auction has started for that lot, while no hammer and no values mean the auction has not started. Bidders can only bid on lots for which they are qualified. To bid, users click the hammer and enter quotes for each lot individually before the listed end date and time. Once the auction ends for all lots, the tender will no longer be visible in the live auction list.

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arghya
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34 views

ReverseAuctionMethod Part5

This document discusses auction procedures for multiple lots. It explains that the presence of a hammer icon and bid values indicate an auction has started for that lot, while no hammer and no values mean the auction has not started. Bidders can only bid on lots for which they are qualified. To bid, users click the hammer and enter quotes for each lot individually before the listed end date and time. Once the auction ends for all lots, the tender will no longer be visible in the live auction list.

Uploaded by

arghya
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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E Public Tender no.

HCC/LUBE-47/LT-60/2018-19
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Sub :

In above screen, following combination will tell whether auction has started for a
particular lot or not.

My Latest Value & L1


View Status of Lot
Rate
Nil Nil Auction NOT YET started
Some Value Hammer Auction started
Some Value Nil Auction Ended / Expired

Bidder shall get the option of hammer and to quote only against those
line items for which he is qualified after price bid opening.

6.1.8. Bidder shall click on the hammer available against individual lot which will take
the bidder to new screen as shown in clause 6.1.3 and quote for each lot
separately as described in clause 6.1.4 & 6.1.5.

6.1.9. In case of multi lot auction, after Auction End Date & Time or Lot wise Auction
End Date & Time / Extended date & Time for all items (which so ever is later)
is over, tender will no more be visible under “Live Auction List”.

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