Bidding auctions that allow for planned bidding
The bidding formula mechanism allows you to offer an appropriate price within your budget for the items on display, without being influenced by the bidding amounts of other companies. This method allows for calm and planned bidding.
1. Bid amounts of other bidders are not disclosed.
To make the transaction more fair, other bid amounts are not disclosed. Bidders can offer what they themselves consider to be a fair price, without being influenced by other bidders' trends or prices.
2. The highest bidder is entitled to win the bid, and the estimated amount to be paid is the second highest price plus the lowest added price.
The estimated amount to be paid is the second best bid plus a commission. This mechanism ensures proper price competition and cost-effective procurement. It provides fair and transparent transactions and peace of mind.
*Some exceptions apply. For details >
3. Efficient time management for smooth transactions
Bidding deadlines are set in advance, so the transaction schedule is clear and predictable, allowing buyers to bid well in advance. No bidding deadlines are extended, so even busy buyers can efficiently procure items without wasting time.