Reverse Auctions

Reverse auction mechanism allow buyers to seek competitive prices by inviting sellers to participate in real time auction. The required product, quantity, specifications, place of delivery and delivery period are announced by the buyer prior to the auction date. Interested sellers can participate in the auctions by bidding an all-inclusive FOR prices. Lowest quoted price is conveyed to the buyer at the end of the auction for approval. Upon acceptance by the buyer, contract notes are issued to the successful bidder.

Auction Sale

This is the product developed to replace the traditional tenders and further negotiations. This is a Yankee Forward Auction where the sellers offer the products available with them while buyers bid both prices and their required quantities. Multiple prices can be discovered at the end of the auction and if the bid prices are acceptable to the Seller, then the contracts would be concluded.

Auction Purchase

This is the product developed to replace the traditional tenders and subsequent negotiations for procurement of agri commodities. This is a Yankee Reverse Auction where the buyers put up auction for their required products while sellers bid for their intended quantity and price they are willing to offer in auction. On real time basis, system will display the tentative quantities allocated to each bidder. Multiple prices can be discovered at the end of the auction and if the bid prices are acceptable to the Buyer, then the contracts would be concluded.”

Price Validation

Price Validation Auctions facilitates the sellers to conclude the bulk sale contracts at equilibrium prices by validating the offer prices in the market.

Price Discovery

Price Discovery Auctions facilitates Large seller base enables the buyers in procuring the material with competitive prices.

Multi Stage Auction

All the registered members of NCDFI eMarket having their own manufacturing facilities will be allowed to sell the approved products through NCDFI eMarket.