Reverse Auction

Type of auction in which several sellers offer their items for bidding, and compete for the price which a buyer will accept. The buyer usually has the option to accept any bid or reject all.

Forward Auction

Auction in which one seller offers item(s) for bidding and several buyers compete to offer the price the seller will accept. The seller usually has the option to accept any bid or reject all.

Dutch Auction

Forward auction, Seller of a large block of items seeks bids within a specified price range. The auction begins with a high starting price which is progressively lowered until the acceptable bid.

E tendering

An internet based process wherein the complete tendering process; from advertising to receiving and submitting tender-related information are done online

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Create RFQ 35%

35% Complete

Invite Suppliers 50%

50% Complete

Choose Best 75%

75% Complete

Our Process 100%

100% Complete

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