Process: Create bid control rules

 

Flow

Legend

 

Objective

To create bid control rules.

 

Description

Bid rules determine how bidding is allowed to proceed for Open Cry and Sealed Bid auctions.

A bid rule may have the following:

• Name.
• Description.
• Associated auction type.
• Minimum bid value.
• Minimum bid quantity.
• For Open Cry auctions, a minimum bid increment within specified price ranges.

Seller can create a new bid control rule, modify or delete existing bid control rules.

 

Features

• Create bid control rules to be used for creating new auctions .

 

Edition

Professional, Enterprise, Express

 

Tasks

Task	Description	Role
Specify auction type	Specify the types of auction such as Open Cry auctions, Sealed Bid auctions, and Dutch auctions (Dutch auction type cannot be specified in bid control rule).	Seller
Specify bid control rule detail	Specify detail of the bid control rule such as name, description, associated auction type, minimum bid value and minimum bid quantity, minimum bid increment within specified price ranges (for Open Cry auctions).	Seller
Submit bid control rule creation	Submit bid rules determine how bidding is allowed to proceed for Open Cry and Sealed Bid auctions.	Seller

 

Business artifacts

• Bid control rule

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