Selling items in such an auction involves participation by qualified bidders in the on line bidding process through internet. placing the items for bidding and allowing buyers to bid against each other for the items. Surplus, overstocked, used items, all types of machines (GPMs/SPMs), used or unused, project leftovers like pipes, valves, fittings etc., all types of scrap, power transmission related assets like transmission lines, penstocks etc are typically sold in this format. These items are typically hard to price in a fixed format. But the dynamic nature of auctions allows an item to rise to its market value.
Online Dynamic Forward Auction enables enterprises to increase asset turnover by allowing corporates to liquidate fixed and current assets, to the best bidder globally achieving highest realization. This is synchronous bidding auction process, putting one bidder against others for best bids. The process is template driven with "no-human bias" concept. Everything is done as per best practice and we ensure similar methodology for both our sellers and buyers thereby resulting in 5 - 15% more realization to the sellers in an absolutely transparent manner. All bids are captured for seller's records and the history can be provided to seller whenever required.
An efficient and objective disposal process
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