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TENDER In terms of the advertisement for State Bank of India Employees (M.S. Patel) Coop. Credit Society Ltd., Mumbai, in Local Newspaper calling offers for sale of Shop ad measuring 220 sq. Ft (Buildup

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How to fill out minimum reserve price is

01

To fill out the minimum reserve price, follow these steps:

02

Log in to your account on the platform where you want to set the reserve price.

03

Navigate to the listing or auction page for the item you want to sell.

04

Look for the section or option related to setting the reserve price.

05

Enter the minimum amount you are willing to accept for the item.

06

Save or apply the changes to set the reserve price.

07

Make sure to review and confirm the reserve price before finalizing the listing or auction.

Who needs minimum reserve price is?

01

The minimum reserve price is often needed by sellers who want to ensure that their item is sold for a decent price. It allows sellers to set a minimum threshold below which they are not willing to sell. This is particularly useful for valuable or rare items where the seller wants to maintain a certain level of control over the selling price.

02

A minimum reserve price also benefits auction platforms or marketplaces, as it helps prevent items from being sold at extremely low prices and ensures a fair and competitive auction environment.

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What is minimum reserve price?

The minimum reserve price is the lowest price that a seller is willing to accept for an item at auction or sale.

Who is required to file minimum reserve price?

Sellers or auctioneers who wish to establish a minimum price for their auction items are required to file a minimum reserve price.

How to fill out minimum reserve price?

To fill out the minimum reserve price, one must complete the required form provided by the auction house or sales platform, indicating the item details and the desired reserve price.

What is the purpose of minimum reserve price?

The purpose of the minimum reserve price is to protect the seller by ensuring that the item is not sold for less than their acceptable price.

What information must be reported on minimum reserve price?

The information that must be reported includes the item description, the proposed minimum reserve price, and any applicable terms and conditions.

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