Procurement Auction

  • It is an exciting Market place for BUYER and SELLERS to do their business in a common platform - AUCTION BRIDGE

  • A procurement auction is a type of auction in which the roles of buyer and seller are reversed. In disposal auction, buyers compete to obtain a good or service by offering increasingly higher prices.

  • In a procurement auction, the sellers compete to obtain business from the buyer and prices will typically decrease.

  • In normal case the bidding starts at the maximum price and decrease with every new bid by a fixed decrement. Every bidder knows what price is being bid without knowing the others identity.