Automatic Bid Adjustments with MetaBid Factors & Formulas

Use MetaBid Factors and Formulas to automatically apply specific adjustments to individual bidders during auctions and sealed bid events.

MetaBid Factors allow you to make simple adjustments to bids by assigning a single nominal or percentage discount or penalty to individual bidders. With MetaBid Formulas, you can expand the type and complexity of adjustments by creating multiple custom fields and incorporating them into mathematical formulas that are applied to bids, resulting in automatically adjusted bids.

Generally, If you want to incorporate multiple pieces of business intelligence and apply them in a specific order then you'll want to use MetaBid Formulas. Otherwise MetaBid Factors may be a simpler solution for making automated adjustments to bids.