English (classic) auction
In an English auction, you list the items or services you need to purchase, and suppliers submit bids in real time. Suppliers can see how their bid ranks against others and decide whether to adjust their bid to stay competitive. At the end of the event, you select the winning supplier based on price and other factors. This is the original reverse auction format.
How English (classic) auctions work
Open the auction
Create your auction by adding line items and inviting suppliers.
Suppliers submit bids
Suppliers place bids and can see how their bid ranks against others. They can adjust their prices throughout the auction to stay competitive.
Award the auction
When the auction closes, you review supplier's final bids and select the winner based on price and other factors.
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