Before starting the bid process it is very important to understand a few Auction concepts. Review the following topics prior to starting this task:
- Bidding Methods, Queue vs. Preference
- Bidding Phases - Bid, Win, Award
- Bidding Dashboard
- About Queue Auctions and Bid Times
To place bids for the applicable Auction:
- Access the Bidding area, and click the Auction that shows Bid Now to display currently available auction items.
- Click Bid to select the desired auction item or items. The Bid button disables when the maximum allowable bids are met.
- Review your bids. Click Save.
Depending upon your Auction configuration, the following may occur upon clicking the Save button:
- Dynamic Issues - If any issues are present the system will display the issues and may prevent you from saving your selections. Review the dynamic issues, make bid changes if needed, and click Save.
- Record Winners- in a Queue type Auction, the system
will immediately process the win and record winning items for the
bidder upon clicking the Save button.The auction items you selected
will show next to the items you have won. Either a lock inside an
orange button or the word Win shows. The lock indicates a non-retractable
bid. The word ‘Win’ indicates the bid is retractable.
- Award Auction Items - The Auction may award the auction items after processing the winners if configured to do so, otherwise you will need to wait for the award phase to occur to secure these items.