What is Tender Cum Auction ? | Reinforce : Civil engineers Training Institute
Вставка
- Опубліковано 7 вер 2024
- #Tender #Auction #Reinforce
Download NOW: Reinforce Civil Engineers Learning App
👉🏻Android App Version: play.google.co...
👉🏻IOS Version: apps.apple.com...
Org code : avywj
👉🏻Web Version: https:web.reinforceqs...
For assistance and Queries you may call or whatsapp at +919711155585 , 9958731610
In this session, we are discussing,
Tender Cum Auction and its process and types:-
Tender cum Auction is a combination of tender followed by Auction.
There are 2 types of Tender Cum Auction :
1. Forward Auction: A bidder can quote over and above the starting price or current Auction Price. This auction is mostly used by procuring entities (clients) to sell items.
In the forward Auction, several Buyers bid for one seller well.
2. Reverse Auction: A Bidder can Quote below the starting price or current Auction price. This Auction is mostly used by procuring entities to buy items. In Reverse Auction, Several sellers bid for one buyer's order.
During Auction, the identity of the bidders is not disclosed either to other bidders or to procuring entities.
The participating bidders get an opportunity to reduce their prices in case of to reverse auction. It allows bidders multiple opportunities to offer a price.
----------------------------------------------------------------------------------------------------
Related Videos :
1. What is Tender and Contract: • What is Tender and Con...
2. What is PPP-BOT- Model Tender? : • What are PPP-BOT- Mod...
3. What are NIT, EMD, Pre-bid meeting, tender value, and covers in Tender?
• What is NIT, EMD, Pre-...
Download NOW: Reinforce: Civil Engineers Learning App
App Version: bit.ly/3FS73Ut
Web Version: app.reinforceq...
For more updates join us
Telegram Channel: t.me/joinchat/...
Call or WhatsApp at +919711155585
Follow Us on; Facebook : / reinforceqstpl
Instagram : / reinforce_qst
Twitter : / reinforce_qstpl
#civilengineeringvideos
#civilvideos
#constructionvideos
#typesoftender
#tendercumauction
#forwardauction
#reverseauction
#sitevideos
#tender
#quantitysurveyingcourse
#tendercontract
#reinforceinstitute