Reverse Auctions Help Consumers Save Money
Companies, offices, and schools all want to save money when buying products or services. Companies spend a lot of time finding suitable products, services, and suppliers, and everyone wants to receive the lowest possible price. Aligero offers a unique way to cut costs—vendor competition via online reverse auctions.
Reverse auctions and traditional auctions are very different. In a traditional auction, bids from potential buyers inflate the price of an item until the highest bid wins. In a reverse auction, the buyer submits the auction and the participants are the potential suppliers of goods and services. The suppliers vie to get contracts by offering lower and lower prices. The winner of the auction is the supplier with the lowest bid.
Holding reverse auctions online reduces costs to a minimum, and the relevant documentation is available to all parties involved in the auction.
How do reverse auctions on Aligero work?
The reverse auction system on Aligero is available as an online web application. Registration for buyers and sellers is quick and easy. To set up an auction, buyers enter their requirements, estimated cost, date of delivery or completion, additional documentation, and the auction termination date. Candidates wishing to participate in the auction put in their offers. Participants may not to sit together in the same room.
During the auction, bidders can see the offers and respond directly, adjusting their prices to their best offer. The winner of the reverse auction is the candidate offering the lowest price. After the auctioned work is completed, buyers and sellers can evaluate each other. These reviews help others select trusted users.
Using online reverse auctions can save buyers up to 30% on goods and services. Because suppliers can view the other offers and compete for the contract, the buyer always gets the lowest price possible.
To buy or sell, visit www.aligero.eu.
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