They will be allowed if the buyer approves them. This auction process is dynamic and set for a limited period of time based on the requirements of buyer. After closure of the reverse auction, lowest bid will be informed to the buyer. During the bidding, buyer and bidders remain anonymous and are revealed by Chem Bazaar after the reverse auction closes. Chem Bazaar s endeavour will be to bring in active participation from the potential suppliers from India and abroad.
Any registered buyer can set up reverse auction.
However, the minimum auction value has to be Rs.10,00,000. On receiving the information we or our channel partners authenticate the information and then issue a user ID and password. You have the option of having multiple ID's, if your organization has multiple purchase decision-makers. We advise you to prevent them from falling into the wrong hands to avoid any unauthorized party participating in the auction bids. Enter your user ID and password.