Reverse Auction Script
The buyer may award the contract to the seller who bid the lowest price. Or, to suppliers who bid higher prices depending on many factors.
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A reverse auction is similar to a unique bid auction as the basic principle remains the same; however, a unique bid auction follows the traditional auction format more closely as each bid is kept confidential and one clear winner is defined after the auction finishes.
The buyer may award the contract to the seller who bid the lowest price. Or, a buyer may award contracts to suppliers who bid higher prices depending on the buyer’s specific needs with regard to quality, lead-time, capacity, or other value-adding capabilities.
Irisidea, presents different kinds of Reverse Auction Software for any types of business and can customize it further as per business need.
- A link to download the software will be sent to your mail id entered by you, after successful payment.
- Whole Source Code will be available to download.
- No support is included in this cost. To purchase the support plan, please send a mail to [email protected]
No Support available with this price. Please buy support separate.