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  2. Bidding - Wikipedia

    en.wikipedia.org/wiki/Bidding

    The student can then know whether his/her bid is successful only after the bidding round is complete. The allocation of available bid points in closed bidding points thus may not be very efficient. But it allows students to place bids and participate in a bid process that has an extended time duration of a couple of hours to days.

  3. Reverse auction - Wikipedia

    en.wikipedia.org/wiki/Reverse_auction

    Potential buyers are then free to bid on the item until the time period expires. The buyer with the highest offer wins the right to purchase the item for the price determined at the end of the auction. A reverse auction is different in that a single buyer offers a contract out for bidding. (In an e-procurement arrangement this is done either by ...

  4. Online auction - Wikipedia

    en.wikipedia.org/wiki/Online_auction

    The largest consumer-to-consumer online auction site is eBay, which researchers suggest is popular because it is a convenient, efficient, and effective method for buying and selling goods. [ 6 ] Despite the benefits of online auctions, the anonymity of the internet, the large market, and the ease of access makes online auction fraud easier than ...

  5. Invitation to tender - Wikipedia

    en.wikipedia.org/wiki/Invitation_to_tender

    A tender announcement from the Indonesian Ministry of Finance. An invitation to tender (ITT, also known as a call for bids [1] or a request for tenders) is a formal, structured procedure for generating competing offers from different potential suppliers or contractors looking to obtain an award of business activity in works, supply, or service contracts, often from companies who have been ...

  6. Template generator - Wikipedia

    en.wikipedia.org/wiki/Template_generator

    Users must be online and make an account to begin using an online template generator, and sign in each time they use the tool. [2] Desktop template generators or desktop-based template generators, unlike online, have to be downloaded onto the user's computer. However, this eliminates the need to make an account and sign in before using the tool ...

  7. Bidding fee auction - Wikipedia

    en.wikipedia.org/wiki/Bidding_fee_auction

    Participants pay a fee to purchase bids. Each of the bids increases the price of the item by a small amount, such as one penny (0.01 USD, 1¢, or 0.01 GBP, 1p; hence the name of the auction), and extends the time of the auction by a few seconds.

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  9. Request for proposal - Wikipedia

    en.wikipedia.org/wiki/Request_for_proposal

    A request for information (RFI) is a proposal requested from a potential seller or a service provider to determine what products and services are potentially available in the marketplace to meet a buyer's needs and to know the capability of a seller in terms of offerings and strengths of the seller. RFIs are commonly used on major procurements ...

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