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  • ReverseAuctionMethod Part3

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    arghya
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    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.

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    ReverseAuctionMethod_Part3

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    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.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    17 views1 page

    ReverseAuctionMethod Part3

    Uploaded by

    arghya
    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.

    Copyright:

    © All Rights Reserved
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    of 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

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