Queries on Bidding Engine?

[Former Member]

Hi Friends

Is Tax calculation possible in Bidding Engine. what is significance of chatting in bidding engine.

Regards

Simha

[former_member196437 · Accepted solution]

Hi simha,

Hope its not ( Tax caliculation in Bidding engine) not possible.

About chatting - its used in auctioning procedure - online reverse auction is possible

Thanks

Sai

[Former Member · Accepted solution]

Thanks Ramesh

Do u mean to say that chatting is possible with forward auctions, dutch auctions and reverse auctions

Regards

Simha

[Former Member]

resolved

[Former Member]

hi,

buyers and bidders are login to the auction system for stipulated time. at the end of aution the lowest priced auction will converted in to bid invitation by the buyer.

we can once again do the bidding process based on the bid invitation converted from Live auction and the lowest bid will be awarded with a contrat or a PO. This auciton process called revers auciton.

In LAC consider only price, but in bidding engine consider price and non price variables.

in LAC bidding was for hours but in bidding engine bidding for longer response time..

in LAC Can see best bid, rank, compitetor information ,graphical view..etc

in Bidding engine cont see such information...

Hope that could be helpful..

Thanks

prasad.s