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Topic: Reverse auction

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	IACT Reverse Auction Purchasing
		Though a relatively new concept to government, reverse auction purchasing is a well-established practice in the private sector.
		Reverse Auction Purchasing allows vendors you select to compete for your business through a competitive bidding environment.
		Reverse Auction Purchasing has helped local governments in Indiana and other states save an average of 10% on the amount budgeted for products and equipment.
	www.citiesandtowns.org /content/member_resources/bidding.htm (275 words)

	Reverse auction - Wikipedia, the free encyclopedia
		It is a type of auction in which the role of the buyer and seller are reversed, with the primary objective to drive purchase prices downward.
		Reverse auction is a tool used by many purchasing and supply management organizations for spend management, as part of strategic sourcing and overall all supply management activities.
		Reverse auctions are used to fill both large and small value contracts for public and private commercial organizations.
	en.wikipedia.org /wiki/Reverse_auction (1489 words)

	Reverse Auction Bidding Can Bite Back
		Reverse auction processes not only don't ensure best pricesâ”they actually provide an incentive for bidders not to submit their lowest number.
		However, the pressure and pace of the reverse auction environment removes any assurance that initial and/or subsequent bids are responsive and material to the owner's articulated requirements.
		In fact, current studies of reverse auctions between buyers and suppliers have found that reverse auctions often have a deleterious effect on the relationship between buyer and seller.
	www.cagc.org /contractors_bldg/files/reverse_auction_bidding.cfm (1056 words)

	TBPC Term Contract for REVERSE AUCTION SERVICES (Site not responding. Last check: 2007-10-13)
		Reverse auctions are an Internet based event and make exclusive use of the advantages of real time communications and the responsiveness feature of electronic commerce.
		D. Self-Service Reverse Auction: This form of auction is conducted at the desktop of an entity's purchaser.
		Standard reverse auctions are generally used to enable suppliers to bid on numerous lots and goods and services that may have complex technical specifications or pricing considerations.
	www.tbpc.state.tx.us /cat_page/cat_961_a2_0308.html (3416 words)

	[No title]
		One way of doing this is to implement a reverse auction system in the purchasing cycle, a process that eliminates the need for expensive and inefficient tendering for goods.
		The use of reverse auctions, controlled by the buyer, allows a single buyer to communicate with many different suppliers at the same time for a multitude of different products.
		At the close of the auction an automatic e-mail is sent to all suppliers thanking them for their efforts and tells them that a final decision will be made within a certain period of time.
	www.foodtrader.com /reverseauction.asp (438 words)

	Using the Reverse Auction Procurement Method to Save Millions
		The reverse auction process is a competitive strategy being deployed by many procurement organizations as an advanced procurement tool allowing purchasing staff to shift from administering the procurement process to managing tools that automate many steps in the manually intensive sourcing process.
		Reverse auctions should be a component of any well developed procurement sourcing strategy.
		Reverse auction case studies for personal computers and carpeting show a reduction of costs for personal computers of 34 percent and for carpeting, 22 percent.
	cpr.ca.gov /report/cprrpt/issrec/stops/proc/so77.htm (1033 words)

	Bidders Beware: The Ins and Outs of Reverse Auctions
		Reverse auctions were originally designed to procure commodities and other manufactured goods, but vendors and owners are now trying to apply this same process to construction.
		He says these auctions are especially popular in New Jersey, where a general contractor uses reverse auctions for its projects with an electrical contract value of at least $10 million.
		Reverse auctions might work for fully designed construction projects without the potential for a lot of changeorders, particularly where all the bidders are rational, highly qualified, and equivalent in terms of management depth and experience.
	www.ecmweb.com /mag/electric_bidders_beware_ins/index.html (1858 words)

	Reverse Auctions \| Reverse Auction Research \| Online Reverse Auctions \| Strategic Sourcing \| Spend Management \| ... (Site not responding. Last check: 2007-10-13)
		Reverse auctions, as currently used, are inconsistent with corporate codes of ethics or codes of conduct with respect to supplier relationships – e.g.
		Instead, reverse auctions should be recognized for what it is: power-based bargaining whose benefits for buyers are grossly overstated, and which in the long run compromise the mostly shared interests of both buyers and sellers.
		Online reverse auctions are inconsistent with ethical business practices; online reverse auctions lead to a breakdown of cooperation between buyers and sellers; online reverse auctions do not contribute to long-term competitiveness for either the buyer or seller; online reverse auctions are probably inconsistent with your company's code of ethics with regards to supplier relationships.
	www.theclbm.com /research.html (3501 words)

	Auction - Wikipedia, the free encyclopedia
		Auctioning can be traced as far back as 500 B.C. In economic theory, an auction is a method for determining the value of a commodity that has an undetermined or variable price.
		Auction catalogs are frequently printed and distributed before auctions of rare and/or collectible items; these catalogs may be very elaborate works, with considerable details about the items being auctioned.
		Dutch auction: In the traditional Dutch auction the auctioneer begins with a high asking price which is lowered until some participant is willing to accept the auctioneer's price, or a predetermined minimum price is reached.
	en.wikipedia.org /wiki/Auction (2277 words)

	Reverse Auction FAQ
		The buyer provides the reverse auction manager with the contact information for those who will be invited to participate in the reverse auction.
		Reverse auctions typically run for an initial period of 15 minutes.
		The buyer compares the initial prices received to the reverse auction prices and makes an award that is in the best interest of the State, by issuing a purchase order/contract, as appropriate.
	www.mmd.admin.state.mn.us /ReverseAuctionFAQ.htm (701 words)

	Reverse Auction Terms and Conditions of Bid - UT Austin Purchasing
		Once registered, vendor must select “view” for the specific reverse auction event by ITB number (or corresponding "RFQ number" provided by Orbis Online for that specific event) and click “participate” on the bottom of the screen.
		All vendors participating in the reverse auction event must submit invitation to bid to the University of Texas at Austin by ITB due date.
		Reverse Auction Early Proxy Bidding requires that the vendors be registered at least one hour before the start of the event.
	www.utexas.edu /admin/purchasing/tcrevauc.html (1572 words)

	Emptoris - Reverse Auction Module (Site not responding. Last check: 2007-10-13)
		Many companies are already using reverse auctions to buy goods and services and typically these companies are seeing savings up to 5-20% based on commodity.
		With reverse auction workflow, multi-line item management and configurable graphical views, the Standard Reverse Auction supports a nimble, highly-focused team in a fast-paced reverse auction environment.
		This enables the sourcing team to easily manage the reverse auction even when a large number of suppliers are bidding on multiple lots and items simultaneously.
	www.emptoris.com /solutions/reverse_auction_module.asp (393 words)

	[No title]
		The reverse auction is a new feature that we will introduce as soon as we'll have 100 registered members (at the peak period Gamebits, our old site, had
		Since it's a reverse auction the price will be set at the upper end of the game value.
		The price will be lowered by a certain amount everyday, the amount may vary from an auction to the next but on any particular auction the drop will be constant, e.g.
	www.newgamebits.com /Reverse_Auction.php (484 words)

	SAWS News: Edwards Water Rights Reverse Auction
		A reverse auction is a means of collecting bids for the procurement of products and services.
		The transparency of reverse auctions enables the bidder (seller) to place competing bids, creating an online competitive bidding event that ultimately results in the true market price.
		Reverse auctions are totally web-based, and create an online version of the sealed bid process with the competitive edge of an auction.
	www.saws.org /latest_news/NewsDrill.cfm?news_id=110 (1127 words)

	Save33.com - The Reverse Auction Site - eAuction, e-Auction
		In a reverse auction, Purchasers specify the product they require to buy and the maximum price they are willing to pay.
		As soon as you have identified a requirement or registered that a contract is coming up for renewal you need to start planning your Reverse auction as part of your procurement.
		The first auction is free of charge and all auctions are free for suppliers to place bids.
	www.save33.com /_reversed_auction_faq.asp (644 words)

	CRN \| ASCII Unveils Reverse Auction Tool (Site not responding. Last check: 2007-10-13)
		The ASCII Group Monday announced a reverse auction tool that allows its 2,000 solution provider members to create an auction bid request that is automatically sent to authorized ASCII distributors, including Ingram Micro, D&H Distributing and Synnex Information Technologies.
		The reverse auction request placed by the solution provider must be a minimum $5,000 order, and distributors that want to bid are required to reply within 24 hours and ship the order within a week, said Alan Weinberger, Chairman and CEO of The ASCII Group.
		Resellers using the reverse auction tool electronically find the products they want, create a bid request that includes information on how soon they need a response, and submit the bid.
	www.crn.com /sections/BreakingNews/breakingnews.asp?ArticleID=38965 (544 words)

	Texas Senate Bill 221
		5-9 (b) A local government that uses the reverse auction 5-10 procedure must include in the procedure a notice provision and 5-11 other provisions necessary to produce a method of purchasing that 5-12 is advantageous to the local government and fair to vendors.
		Section 36.067, Water Code, is amended by adding 6-9 Subsection (c) to read as follows: 6-10 (c) A district may use the reverse auction procedure, as 6-11 defined by Section 2155.062(d), Government Code, for purchasing.
		Section 49.273, Water Code, is amended by adding 6-13 Subsection (k) to read as follows: 6-14 (k) The board may use the reverse auction procedure, as 6-15 defined by Section 2155.062(d), Government Code, for purchasing.
	www.click2tpc.com /staticsite/SenateBill.asp (758 words)

	Internet Online Auction Help :: Tutorial, Tips, Hints, Advice
		If your auction has a winning bid we will charge a 2.5% commission against the final sale price (not including your shipping and handling charges).
		If a seller has zero feedback and the auction price seems too good to be true please proceed with common sense and caution.
		We allow sellers to list an auction up to 30 days at a time, and we also provide them with an automatic re-list utility.
	auctionfire.com /helpfaq.html (1006 words)

	Reverse auction? - PhotoPost Community
		In other words, sellers would be offering the item at the lowest price they could via the bidding process, and the person who posted the "wanted" could wait to see who offered the lowest price on what they are looking for.
		I would find a reverse auction as an option in admin menu for specif categories very helpful.
		But this should be more as an option, parallel to the normal auction style, which is for all "Sale" items IMO the better choice...
	www.photopost.com /forum/showthread.php?t=111121 (229 words)

	ScriptLance.com Project - Reverse Auction
		I am looking for a reverse auction site for manufacturing/engineering services.
		I would like it to be able to charge buyers final value fees/percentages and be able to add/edit categories from the admin panel (or however).
		The auction site should be similiar to mfgquote.com or ebay/liquidation.com.
	www.scriptlance.com /projects/1162227575.shtml (157 words)

	Auction Information - Auctions
		Was I rude to the auction winner?Certainly, if I had been guilty of any of these things, the negative feedback may have been deserved.
		Auction sellers are attracted by the prospect of a broad venue for their products and the possibility of high profits resulting from emotion-driven bidding wars.
		FAS brought two auctions concerning Spasskie Vorota insurance...
	www.atozauctions.net (1924 words)

	Marketplaces Providing Reverse Auction Services
		Locate Marketplaces Providing Reverse Auction Services that focus on specific vertical industries such as the aerospace industry, agriculture and farming industry, automotive industry, chemical industry, energy industry, food industry, metal industry, plastics industry, transportation industry, and other industries.
		Locate Marketplaces Providing Reverse Auction Services that focus on specific types of commerce such as business-to-business commerce (B2B), business-to-consumer commerce (B2C), business-to-government commerce (B2G), or consumer-to-consumer commerce (C2C).
		Locate Marketplaces Providing Reverse Auction Services that focus on specific geographic regions such as Europe, North America, Asia, Africa, South America, Central America, Oceania, the Caribbean, the Middle East, and the World.
	www.sourceguides.com /markets/byS/rauc/RAuction.shtml (122 words)

	Reverse Auction - Game Theory .net
		While traditional auctions involve a single seller and many buyers, a reverse auction generally involves many sellers and one buyer.
		For example, procurement auctions are used to obtain competitive bids to provide goods or services.
		Theoretically, regular auctions and reverse auctions are equivalent.
	www.gametheory.net /Dictionary/Auctions/ReverseAuction.html (75 words)

	Oltiby.com Online Auction in Reverse Service Allows Buyers to Set the Price — Not Sellers
		The exciting enhancements at Oltiby.com are part of the company’s online reverse auction service that allows buyers to set the price — not sellers.
		Its reverse online auctions service is a powerful tool that anyone can use to augment their activities on other online resources such as eBay.
		For more information about how Oltiby’s online reverse auctions are impacting the marketplace, visit www.oltiby.com.
	www.prweb.com /releases/2006/4/prweb378665.htm (694 words)

	20,000 Products On B2B Reverse Auction Creator: Great Shop
		Business-To-Business Reverse Auction Creator is a web-based reverse auction system and e-commerce tool that will allow website owners or Internet entrepreneurs to build a business-to-business (B2B) Reverse auction community site for suppliers, freelancers, service providers and corporate purchasers to conduct corporate-level trading activities directly over their web browsers.
		Our ‘reverse’ bid creates a more vibrant and dynamic auction environment, catering to buyers as well as suppliers, freelancers and service providers.A high quality of business and trading is ensured through feedback forms and rating systems accessible to all participants.
		In this type of request-for-bid (RFB) auctions, Auction Administrator offers extensive support to help secure the success of reverse auction.However, should the initial auction fail to garner desired bids, the supplier or buyer has the option to re-post the products or services for another auction.
	www.greatshop.com /b2breverseauction.html (1067 words)

	Toolow Delivers Powerful New Reverse Auction Web Service
		Berkeley, CA (PRWeb) June 20, 2006 -- Toolow Inc., a revolutionary patent-pending reverse auction web service, is taking the first step in innovating the online marketplace.
		Toolow is a revolutionary patent-pending reverse auction Web service company focusing on the consumer's desire to get any product or service for the lowest price.
		The company's philosophy is that a buyer is entitled to the best possible price, and Toolow has created a model for buyers to induce competing sellers to lower their prices as much as possible.
	www.prweb.com /releases/2006/6/prweb399672.htm (436 words)

	Epiq: e-procurement, procurement software, purchasing software, reverse auction
		Buyers can now use non-price factor metrics to adjust the purchasing weight of different suppliers' reverse auction bids based on things such as past performance history, financial stability, or other qualifications in the software.
		This and other reverse auction advanced features have been added to the eProcurement product module with the release of Epiq 5.0.
		Newly enabled features include bid history graphical report, advanced listing promotion, private reverse auctions available to qualified buyers and auction types such as descending price, vickrey auctions, and hybrid auctions.
	www.epiqtech.com /index.htm (353 words)

	mFUSION :: Solutions :: SMS Reverse Auction
		A reverse auction works by giving goods and services for the lowest unique bid.
		Auction sites and television channels are increasingly popular and mFUSION can supply you with all you need to step into this marketplace.
		Using a premium rate number, your users will be attracted to bid for your items because of the low-risk value of the bid itself.
	www.mfusion.net /solutions/sms/reverseauction (110 words)

	Reverse Online Auctions, Online Auction Sites
		Oltiby reverse auction platform makes you benefit from the competition of hundreds of registered sellers.
		Reverse auction eliminates the possibility of corruption (in procurement)
		one minute why you are going to love the reverse auction process.
	www.oltiby.com (295 words)

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