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Results for “Pricing”
Bill of quantities (BOQ)
A structured schedule of construction work items, quantities, units, and commercial inputs used for contractor pricing, comparison, and package awards.
Open destinationProcurement auction
A competitive sourcing event, commonly a reverse auction, used to obtain improved supplier pricing or commercial terms for a defined requirement.
Open destinationYield management
The use of pricing, allocation, timing, and demand information to improve commercial return from finite inventory, capacity, or opportunity.
Open destinationZero-bid event
An auction or lot that closes without a valid participant bid, requiring review of demand, pricing, qualification, communication, timing, or catalog quality.
Open destinationBid
A binding or indicative commercial submission made by an eligible participant under the rules of an auction, tender, or marketplace event.
Open destinationBid decrement
The minimum amount by which a supplier must improve a price in a reverse auction, subject to event rules and current bid position.
Open destinationBid Increment
A bid increment is the minimum amount by which a new bid must exceed the current leading bid or configured price point, helping control bid progression and auction pace.
Open destinationClosing time
The scheduled or dynamically extended time at which an auction stops accepting bids, subject to server time and extension rules.
Open destinationDynamic extension
An automatic extension of closing time when a qualifying bid arrives near the scheduled close, helping prevent last-second bid sniping.
Open destinationFair market value
An estimate of the price an asset may achieve between informed and willing parties, often used as a reference rather than an auction guarantee.
Open destinationFloor price
A minimum acceptable price below which an offer, allocation, or transaction will not proceed unless an authorized exception is approved.
Open destinationGuide price
An indicative price range used to communicate seller expectations or market context without necessarily representing the reserve or final value.
Open destinationHammer price
The final accepted bid price when a lot closes, before applicable buyer premiums, taxes, shipping, or other charges.
Open destinationIncrement table
A structured schedule that changes the required bid increment according to the current price band or event rules.
Open destinationMaximum bid
A bidder's confidential upper limit that may be used by proxy-bidding logic to place incremental bids without exposing the limit to other participants.
Open destinationNo-sale
An auction outcome where a lot does not transact because the reserve, approval, eligibility, payment, or another closing condition was not satisfied.
Open destinationOpening bid
The first accepted bid in an auction, which may be submitted by a participant or initiated according to configured starting rules.
Open destinationOutbid notification
A real-time or near-real-time message informing a participant that another valid bid has moved ahead of their position.
Open destinationPrice discovery
The process through which competitive market activity reveals a commercially supportable price for an asset, requirement, or capacity.
Open destinationProxy Bidding
Proxy bidding allows a bidder to enter a maximum bid while the system automatically places bids on their behalf only as needed, according to increment rules and competing activity.
Open destinationQuantity bidding
A bidding model in which participants submit or accept prices for specific quantities, capacities, tiers, or allocation bands.
Open destinationQuick bid
A streamlined bidding control that allows an eligible participant to submit the next valid bid with minimal interaction.
Open destinationReserve Price
A reserve price is the minimum acceptable price set by the seller or auction owner. If bidding does not meet the reserve, the lot may remain unsold or require approval before acceptance.
Open destinationSoft close
A closing rule that extends an auction when qualifying bids arrive near the end, allowing competing participants time to respond.
Open destinationTotal cost of ownership
The complete economic impact of a product or supplier decision, including price, implementation, operations, support, risk, integration, and lifecycle costs.
Open destinationWinner logic
The configured rules used to identify a provisional or final winner based on price, rank, quantity, score, compliance, approval, or another commercial condition.
Open destination