Online Auction

An online auction is a service in which auction users
or participants sell or bid for products or services
via the Internet. Virtual auctions facilitate online activities
between buyers and sellers in different locations
or geographical areas.

 

Single Auction

An auction is a process in which the bidder can bid an unlimited number of times,
can see the final price of other bidders but do not know who exactly bid that price.
The “Hammer” sign will be displayed on the bidder’s screen with the lead price only.
The product or service that will perform the auction has the same standard.
The price is per unit or per project.

Complex Auction

Bidding on multiple auctions at the same time. Considering more than one factor,
the Price Per Performance (PPP) principle is applied to the auction that the auction initiator determines.
And mathematical formula can be applied to the bid and cannot be changed.

PPP is automatically calculated. The result is that the initiator of the auction
will receive a product with a reasonable price.