Create Reverse Auction allows buyers to post requests for specific items or services. Sellers then compete by offering their lowest prices in response.
Overview
Creating a reverse auction means posting what you need and letting sellers bid down their prices. This helps buyers get competitive rates by leveraging multiple sellers competing for their business.
How to Access
- Step 1: Log in to your account
- Step 2: Navigate to Reverse Auctions in the main menu
- Step 3: Click on Create Auction
Prerequisites
- Verified buyer account
Step-by-Step Guide
Creating a Reverse Auction
- Step 1: Click Create Auction
- Step 2: Describe what you need to buy
- Step 3: Set your maximum budget
- Step 4: Choose auction duration
- Step 5: Add any specific requirements
- Step 6: Click Publish to start receiving bids
Quick Reference
| Route | reverse-auctions.create |
| Permission | contributive |
| Category | Auctions & Bidding |