Auction Bidding 
The Bidding page is created when the auction opens for bidding. It is also known as the Bidding Console.
On the Bidding page, you can:
Review a summary of auction information, including current and next phases, the time remaining in the current phase, the auction status, and line item open and close times
Choose a line item to review its bid history, including requalified and disqualified bids
Disqualify a bid so that it does not affect the outcome of the auction
View auction bidding and results in chart form
Exchange messages with auction collaborators and suppliers
If you are using the Bidding page to monitor the auction, you can use the Manage Auction function to manage the auction without navigating away from the page.
Features
Field Help for Bidding Page
Function |
Description |
|---|---|
Auction Status Bar |
This bar provides up-to-date auction tracking information. |
Event Contact |
Indicates the buy-side contact for the auction. |
Telephone |
Indicates the contact information for the event contact. |
Auction Start Time |
Indicates the time at which the auction started. |
Auction End Time |
Indicates the time at which the auction will end. |
Current Phase |
Indicates the current auction phase. The phase indicates the type of activity that can currently be performed in the auction. Phases are determined by the auction type, and can include the following: Preview enables suppliers to view the auction before it opens for bidding. Pre-bid enables suppliers to enter pre-bids before the auction opens for bidding. Open enables suppliers to submit bids for auction line items. Close Pending enables you to reopen an auction for a specified length of time after bidding closes. This enables suppliers to submit a final, best bid if they were not able to do so previously. Closed indicates that suppliers can no longer bid in the auction. |
Time Remaining in Phase |
Indicates the amount of time left in the current auction phase. |
Current Auction Time |
Indicates the current time as determined by the auction server. All other times are relative to this time. |
Dutch Auction Bidding
The following section of the Bidding Console is displayed only for a Dutch auction.
Function |
Description |
Bidding on Item |
The name of the line item that is currently open for bidding or will be open for bidding when the pause time ends. |
Quantity |
The quantity of the current line item that suppliers will bid on. |
Current Bid Price |
The current price that will be used if a supplier bids on the line item. If the current price is lower than the reserve price, Below Reserve Price will be displayed. |
Next Bid Price |
The price to which the bid will increase after the current time interval. |
Ceiling Price |
The maximum price a line item can reach before closing automatically. |
Time Left in Increment |
The amount of time that remains in the current time increment. |
Countdown to Bidding Start |
The amount of time that remains before the next line item opens for bidding. This field only displays a time value when the auction is in the Pause phase. |
Current Extended Price |
The current unit bid price multiplied by the line item quanitity. |
Close Line Item |
Choose this button to close a line item that is either open for bidding or about to open for bidding. After you close the line item, the next line item will open automatically, or, if a pause time is defined, the pause time will begin. |
Bid History Table
This table displays a summary of the bid history for each line item.
Function |
Description |
|---|---|
Status |
Indicates the status of the line item. Line item statuses include Open, Close Pending, and Closed. |
Part Number |
Indicates the part number of the line item. Choose the link for a line item to view the Auction Bid History page. |
Description |
Indicates the description of the line item. Choose the link for a line item to view the Auction Bid History page. |
Leading Bidder |
Indicates the leading bidder for this line item. This column is not displayed in a Dutch auction. |
Leading Bid |
Indicates the leading bid for this line item. If factored-cost bidding is enabled, this value is the leading bid after weighting factors are applied. If a reserve price is set for the line item, a red star indicates that the reserve price is not met. This column is not displayed in a Dutch auction. |
Quantity Filled |
Indicates the line item quantity filled by the bid. |
Start Price |
The price at which bidding starts for the line item. |
Bidder |
Indicates the current bidder for the line item. This field is only displayed in a Dutch auction. |
Final Bid |
The winning line item bid. This field is only displayed in a Dutch auction. |
Extended Price |
Indicates the amount of the bid multiplied by the quantity filled. |
Savings Amount |
Indicates the amount of savings over the current price [(Current Price - Leading Price) * Requested Quantity]. |
Savings Percent |
Indicates the percentage of savings over the current price for this line item (Best Bid Total / Current Price Total) * 100. |
Line Item Details
The Line Item Details tab displays details about a selected line item.
Function |
Description |
Start Price |
The price at which bidding starts for the line item. |
Price Increment |
The amount by which a line item price will increase after each time increment elapses. |
Time Increment |
The amount of time after which a line item price will increase. |
Event Charts
This component enables you to see bidding activity in chart form. The event charts provide quick graphical access to the most recent and relevant bidding information. For details on a graphical representation of all bidding activity, see Auction Monitor.
The Event Charts component is visible only on the buy-side.
The following event charts are provided:
Bid Activity: Presents recent bidding activity by line item
Supplier Summary: Shows comparative summaries of all bidding results for all suppliers
Winning List
The Winning List tab is displayed only for a Dutch auction, where it replaces the Event Charts. It displays information on the winning bids for line items that have closed so far. The list does not display information about the following:
Line items you have closed manually
Line items that have closed automatically after reaching their ceiling price
Disqualified bids for a line item
Bids that did not meet a line item’s reserve price
If the auction will be manually awarded, the winning bids do not appear in this list until the awarding is complete.
Event Message Board
This board enables you to exchange messages with auction collaborators and suppliers related to the current auction and view auction alerts.
You can also exchange messages by using the Chat function.
If chat is disabled in the document type for this auction, you will not be able to exchange messages or view message fields or buttons. The message area will display only auction alerts.
Function |
Description |
|---|---|
Message Area |
Displays the text of any messages exchanged for this auction, up to a maximum number of messages determined by your system administrator. The default maximum is 50. New messages are added and old ones removed if the count exceeds this maximum. This message area updates automatically as new messages are exchanged. This area also displays any auction alerts. Auction alerts are labeled “Alert”. |
View History |
Displays all messages that have been exchanged for this auction since it was created. This message area does not update automatically. Choose View History again to see any messages that have been exchanged since the last time you selected it. |
Message Text Box |
Enter message text in this text box and choose Send. Depending on the recipient you have selected, this text box will be labeled as follows:
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Recipient List: |
This list displays the users to whom you can send a message, including the individual collaborators and suppliers currently online.
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