Friday, August 16, 2013

The Following changes in E-Auction process are proposed to be implemented shortly.

The Following changes in E-Auction process are proposed to be implemented shortly. Currently inter lot closing time is 15 minutes which will be reduced to 5 minutes, auto extension period will be reduced to 90 seconds which is currently 120 seconds, no. of auto extensions will be increased to 9 which is currently 3 and more important timing of auctions will be increased by 2 hours a day i.e. from 09:00 Hrs to 18:00 Hrs which is currently 10:00 Hrs to 17:00 Hrs.  

  • Inter Lot Closing Time:
    • From 15 Minute To 5 Minute
  • Auto Extension Period:
    • From 120 Second To 90 Second
  • No. of Auto Extensions:
    • From 3 To 9
  • Timings of E-Auction:
    • From 10:00 - 17:00 Hrs to 09:00 - 18:00 Hrs


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