Reverse Auctions

You may have a lot of experience with reverse auctions—or this may be your first time—so we make sure that we answer all of your questions and then ask some of our own.  For example:

• What type of product or equipment do you need?
• When do you need the product?
• Do you have your own specifications, or would you like us to create neutral specifications to encourage multiple bidders?

We write the specifications in a neutral manner, creating established performance standards that encourage multiple vendors to submit verified proposals.

By focusing on neutral specifications, multiple vendors get a chance to bid.

You might have specific vendors in mind. Or, you might need to add a few to keep things competitive.

We will help you find potential vendors, and walk them through the reverse auction process, becoming the point of contact for any questions they might have.

By the time the response time comes, we have addressed potential objections to the bid packet, ensured the vendors are submitting, and verified they can provide your requested equipment.

We manage the entire bid process on your behalf.

We’ll post all bid information in accordance with your guidelines and state law, including a schedule of the advertisement dates, un-priced proposal submission date, and of course, the reverse auction date.

We ensure the un-priced proposal date runs smoothly, and that all vendors who can meet the specifications submit their responses correctly and on time.

On the day of the auction, we host the online event for you. During the auction, we are in constant contact with each vendor to ensure their bids are correctly placed and accurate.

Aside from vendors, we also are in contact with you, updating you on the bid as it happens, and even allow you to view the live event right from your office.

We manage everything, including technical support, any questions that may arise and any other details to ensure a smooth event that brings you big savings.

After the auction, PH Bidding will send you a bid tabulation that details every bid that was placed, and a summary of the auction.

We also send a copy of the bid tabulation to the participants. PH Bidding will then allow you as the buyer to make a decision based on your needs, and will contact the awarded vendor on your behalf.