About this document

Forward Auction Process on GeM by Ankush is a document available to read on EtoBox.

Forward auctions allow sellers to sell items to multiple potential buyers online. Buyers can bid continuously for items until the highest bidder wins. To access the forward auction module on GeM, auctioneers must first log in and will then be able to create auctions, set parameters like prices and time extensions, and monitor bids in real-time. The system guides auctioneers step-by-step to set up auctions, including creating notices, bidding forms, business rules, and accepting or rejecting bidder payments.

Author

Ankush

Language

EN