Bid rules

Bid rules determine how bidding is allowed to proceed for Open Cry and Sealed Bid auctions. A bid rule may have the following:

• A reference number

• A name

• A description

• An associated auction type

• A minimum bid value

• A minimum bid quantity

• For Open Cry auctions, a minimum bid increment within specified price ranges

Related concepts

• Auctions

• Auction types

Related tasks

• Create bid rules

• Change bid rules

• Deleting bid rules