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OF No: MDC/COM/BLD10&11A/1112/01 DATE 15 /04/2011 ON LINE FORWARD AUCTION NOTICE 1. SL. No 1 The following material/product is available on as is where is basis from MDC Bilabial iron ore mine, Deposit

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What is on line forward auction?

An online forward auction is a type of auction where sellers offer goods or services for sale and buyers place bids to purchase them. It is conducted online, typically through a platform that facilitates the bidding process.

Who is required to file on line forward auction?

The requirement to file an online forward auction depends on the specific regulations or rules of the auction platform or organization conducting the auction. Generally, anyone can participate as a seller or buyer in an online forward auction, but specific requirements may vary.

How to fill out on line forward auction?

The process to fill out an online forward auction varies depending on the platform or organization conducting the auction. Typically, sellers would need to provide detailed information about the items or services they are offering, set starting bid prices, and specify any additional terms or conditions. Buyers, on the other hand, would need to register for the auction platform, browse available listings, and place their bids according to the auction rules.

What is the purpose of on line forward auction?

The purpose of an online forward auction is to facilitate the sale of goods or services by providing a platform for sellers to reach potential buyers and for buyers to compete in bidding for the items they desire. It creates a transparent and competitive marketplace where prices can be determined through the bidding process.

What information must be reported on on line forward auction?

The specific information required to be reported on an online forward auction depends on the rules or guidelines set by the auction platform or organization. Generally, sellers would need to provide details such as item descriptions, quantities, starting bid prices, and any applicable terms or conditions. Buyers would need to provide their bidding information, such as bid amounts and contact details.

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