Thursday, March 24, 2016

IREPS e-Auction: What is Close Ended e-Auction?

Close Ended e-Auction has pre-defined closing time for every Lot. This closing time, however, gets auto-extended if some bid is received within one minute before closing time of lot. This extension is for fixed time called Duration of Auto extension but Number of auto extensions is limited for each Lot. Detailed lot specific information can be seen in header of bidding Screen.

IREPS: Indian Railways e-Procurement System

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