Show TOC

Procedure documentationClosing and Reopening Auctions and Line Items Locate this document in the navigation structure

Procedure

Closing an Auction Line Item in the Close Pending Phase

Before reopening an auction in the Close Pending phase, you can close one or more individual line items for which you do not want to receive further bids.

You can manually close line items only if the auction is in the Close Pending phase. Closing a line item has no effect on the closing times or statuses of any other line items.

You can also close a line item using the Manage Auction function. For details, see the section Closing a line item with the Manage Auction button under Changing Open Auctions.

Note Note

The auction type determines whether an auction moves to the Close Pending phase after bidding close.

End of the note.

To close a line item in the Close Pending phase, do the following:

  1. With the auction in the Close Pending phase, choose Actions and select Close Line Item(s).

  2. In the Close Line Items dialog box, select the line item or items to close and choose Next.

  3. In the Confirm Closing Line Items dialog box, choose Finish.

If you reopen the auction after closing one or more line items, auction bidders will only be able to bid on the line items that remain open.

Reopening an Auction in the Close Pending Phase

You can reopen an auction after it closes, if the auction is in the Close Pending phase. For example, you might want to reopen an auction if you receive notification that a supplier has not had time to submit a best and final bid. This might occur due to user error, network connectivity issues, or other technical problems. Reopening the auction gives suppliers a final opportunity to submit a bid, which can result in further cost savings for you.

For most auction types, the Close Pending phase immediately follows the bidding close time. For a Dutch auction, the Close Pending phase begins after the last line item has either been bid upon or manually closed.

The Close Pending phase immediately follows the bidding close time. You specify the duration of this phase on the Auction Schedule tab. You can reopen the auction as many times as you like during the Close Pending phase until the Final Close time is reached. For a Dutch auction, there is no Final Close time, so the Dutch auction can be reopened indefinitely.

You can also reopen an auction using the Manage Auction function. For details, see the section Reopening all line items with the Manage Auction button under Changing Open Auctions.

Note Note

The auction type determines whether an auction moves to the Close Pending phase after bidding close.

End of the note.

To reopen an auction in the Close Pending phase, do the following:

  1. With the auction in the Close Pending phase, choose Actions and select Reopen Auction.

  2. In the Reopen Auction dialog box, do the following:

    • For a Dutch auction, enter the length of time after which you want to reopen the auction.

    • For all other auction types, enter the amount of time you wish to add to the bidding time. You can reopen the auction for any length of time.

  3. Choose Next.

  4. In the Confirm Reopen Auction dialog box, choose Finish.

    For a Dutch auction, the auction status changes to Scheduled to Reopen for the length of time you specified in the Reopen Auction wizard. For all other auction types, the auction reopens immediately.

    After all line items have closed for bidding (in the case of a Dutch auction), or after the length of time you specified in the Reopen Auction wizard (for all other auction types) the auction returns to the Close Pending phase for the full pending duration.

You can close the auction manually before the pending duration is over. For details, see Closing Auctions Manually.

Reopening a Staggered Line Item in the Close Pending Phase

You can also reopen a staggered line item after it closes, if the line item is in the Close Pending phase.

When you reopen a line item, all subsequent line items are also opened for the same length of time, as long as they are not in the Closed phase.

Note Note

The auction type determines whether a staggered line item moves to the Close Pending phase after its close.

End of the note.

To reopen a line item in the Close Pending phase:

  1. In an auction with at least one line item in the Close Pending phase, choose Actions and select Reopen Auction.

  2. In the Reopen Auction dialog box, enter the amount of time you wish to add to the line item's bidding period. You can reopen the line item for any length of time.

  3. Choose Next

  4. In the Confirm Reopen Auction dialog box, choose Finish.

    The line item is reopened for the specified length of time, as are all subsequent line items that are not in the Closed phase.

If you do not reopen a line item during its Close Pending phase, the line item closes automatically at the end of this phase.