Why Conduct Web Based Auctions There are a number of reasons why 1. Make better use of your time and effort. Once qualified suppliers know of your bid site, they can check it for further opportunities without requiring your time to read through reams of canvassing letters 2. Get better results for your money. Competitive bidding means those organisations maximise the quality while minimising the cost. Real time competitive bidding is the nearest you can get to achieving perfection. In the closing hours all the bidders can vie with each other thereby offering the buyer the best possible value 3. Include more bidders. Because the auctions are conducted on the Internet in real time vendors can bid simultaneously, results are relayed in a readable form and you can include more of them for deliberation 4. International bidding. Because Tenderbid carries out the auctions on the Internet, your bidders are just as likely to be from another continent or country as local 5. Increase your learning curve. Web based bidding is one of the next frontiers in purchasing. There is no time like the present to start learning how to take advantage of this new concept 6. Decisions are made much quicker. Because the auction takes place on a certain date with a closing time, the deal is done within a few hours rather than dragging on for days, weeks or even months in some cases as the old system of submitting tenders was inclined to do 7. Companies are checked out before bidding starts. This way if there are any companies who do not meet the specification stated satisfactorily, they are not invited to bid, thereby saving a lot of work in the long run 8. Buy throughout the World. Businesses can purchase from anywhere in the World through the Internet thereby negating the necessity to have a global sales force. About Tenderbid >> Working with buyers >> Working with sellers >> Online Auction Rules >> FAQ'S >>