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ANNEXURE I: FORMAT OF AFFIDAVIT UNDER 29A OF THE IB CODE [To be submitted by each Prospective Bidder and in case the Prospective Bidder is a consortium, then to be submitted by each member of such

How to fill out e-auction process information document

How to fill out e-auction process information document

1. Start by gathering all necessary information about the auction, including item descriptions, reserve prices, and auction dates.
2. Ensure compliance with local regulations and guidelines pertaining to e-auctions.
3. Fill out the auction title and descriptions clearly and concisely.
4. Specify the auction format, whether it's open bidding, sealed bids, or another method.
5. Indicate the start and end times of the auction to create urgency.
6. Include bidding increments and any applicable fees or terms of payment.
7. Provide detailed instructions for participants on how to register and participate in the auction.
8. Attach any necessary documents or certifications required for the auction process.
9. Review the document for accuracy and completeness before submission.
10. Submit the completed e-auction process information document by the required deadline.

Who needs e-auction process information document?

1. Businesses or organizations looking to auction goods or services.
2. Contracting authorities responsible for public procurement.
3. Sellers who wish to reach a larger audience through digital means.
4. Bidders or buyers interested in participating in e-auctions offered by sellers.
5. Regulatory bodies that need to enforce compliance in the auction process.

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What is e-auction process information document?

The e-auction process information document is a formal document that outlines the procedures and details of an electronic auction, including rules, terms, and the workflow of the auction process.

Who is required to file e-auction process information document?

Entities or individuals participating in e-auctions, such as sellers, buyers, and auctioneers, are typically required to file the e-auction process information document.

How to fill out e-auction process information document?

To fill out the e-auction process information document, one must provide required details such as auction type, timelines, participant information, items being auctioned, and any specific terms and conditions.

What is the purpose of e-auction process information document?

The purpose of the e-auction process information document is to ensure transparency, facilitate proper communication among participants, and provide clarity on the rules and procedures governing the electronic auction.

What information must be reported on e-auction process information document?

Information that must be reported includes auction details (date, time), participant details (names, contact information), item details (description, quantity), terms of sale, and specific rules governing the auction.