Dutch auction
In a Dutch auction, the price starts low and increases automatically at set intervals. The first participant to accept wins the auction. Stay focused and act quickly to secure the event.
You can find Dutch auction events on the RFQ events list. Open the event to review the details and line items provided by the buyer.
Contact buyer: If you have questions for the buyer, see Communicate with buyers.
How to respond to a Dutch auction
Step 1: Register for auction
Before the auction starts, enter some basic details (Supplier quote number, Valid for, and Delivery days for each line item) and click Join auction.
Once registered, you’ll get an email when the auction begins. You'll enter your pricing later in the process.
Step 2: Review and accept price
When the auction starts, open the event to review the current auction price and a summary of the next price increase.
When the price meets your target, click Accept & end auction. The first supplier to accept wins the auction.
Step 3: Finalize your bid
After accepting the auction price, distribute the price across the line items and complete your bid.
The buyer will review your response and make the final award decision. You can track the event status from your events list (auctions are available on the RFQ list).
Get started
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