Bidding on an ItemBid Lot

ItemBid lots allow bidders to place bids individually for each item in a lot during a project.

NOTE: For ItemBid reporting, see ItemBid Report.

»To bid on an ItemBid lot

Click the name of the lot you want to bid on. The selected lot becomes highlighted in yellow and Iasta SmartSource makes the Bid field available. Above the Bids area there is another information area which displays the minimum bid decrement (Min. Bid Decrement) which is the dollar or percentage amount by which you must decrease (for reverse auctions) or increase (for forward auctions) the bid.

ItemBid Bidding Area

ItemBids Window

NOTE: For instructions on using New Lot Bid and % off Bid, refer to Using the ItemBid Estimator.

Reset: Cancels update and resets bids.
Update Totals: Calculates totals and publishes them in the Total column on this window.
Submit Bid: Submits bids.

When you submit your bid, Iasta SmartSource asks you to confirm the bid amounts before it records them. Click OK to continue or Cancel to exit without submitting.
If you submitted, Iasta SmartSource displays a message letting you know that it has recorded the bid or displays an error message if it encounters a problem.