You have just received all RFI's for an online bidding project that involves sourcing cardboard boxes. After reviewing all RFI's, you have found that John Jones from XYZ Manufacturing, Inc. has provided extensive information indicating that he and his company are head and shoulders above the competition when it comes to corrugated boxes. To make sure the Live Event reflects XYZ Manufacturing good standing, you would like to apply a 5% discount to all bids placed by John Jones. Or, because he and his company are so far ahead of the competition, you would like to indicate this by applying a discount to his bids.
- Select and expand the project in the Connections and Projects tree. Click
on the toolbar to open the Project Attendee Setup window - Select "John Jones", click
on the toolbar, and select Edit Attendee Properties.
- Iasta SmartSource opens the Attendee Properties window.
Attendee Properties Window
- Select the lots on which John Jones will be able to view and bid (optional). Click the magnifying glass icon
to toggle whether a lot can be viewed and click the bid icon 
to toggle whether the user can bid on the lot. - Click the MetaBids button to open the Attendee MetaBid Factors window.
Attendee MetaBid Factors Window
- In the Lot field, select the lot(s) to which the MetaBid applies.
NOTE: Nominal MetaBid factors can only be applied to Standard lots.
- Click
on the MetaBid Factors toolbar to open the MetaBid Factor Properties window.
NOTE: Nominal MetaBid factors can only be applied to Standard lots.
MetaBid Factor Properties Window
- In the Name box, type "Minority-Owned Discount."
- In the Factor Type field, choose Percent Factor.
- In the Amount box, type -5.00.
NOTE: A negative amount creates a discount. A positive amount creates a penalty.
- Click Finish to save your MetaBid factor and return to the Attendee MetaBid Factors window.
- Choose the "Minority Owned Discount" MetaBid factor.
Attendee MetaBid Factors Window
- Click Finish.
About Percent Factors
When using percent factors, remember that the minimum bid decrement amount, in addition to price amounts, will be affected by the MetaBid factor amount. (The bid decrement is not affected when you use nominal amounts.)
For example, the following image displays lot information for a bidder without a MetaBid factor applied to them, therefore, all price and bidder decrement amounts are original and actual:
T next image displays lot information for a bidder with a 5% discount MetaBid factor. Notice how the start price and bidder decrement amounts reflect the 5% discount factor. Or, the original $500.00 minimum bid decrement amount is 5% higher ($526.32). Also, the $102,500 start price amount is now 5% higher.
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