Use this page to specify bid amounts and quantities, as well as increments, for bidding within specified ranges for Open Cry or Sealed Bid auctions.
- Minimum bid amount
- Type an amount representing the minimum that participants are allowed to bid.
- Minimum bid quantity
- Type a whole number representing the minimum quantity participants are allowed to bid on.
- Value range (for Open Cry auctions)
- Type the lower and upper ends of the bid increment range. The new bid must be higher than the current bid by a certain increment when the bid falls into a value range. For example, consider the following bid value ranges:
- $0-$100=$5
- $101-$200=$10
- $201-$1000000=$50
For the range $101-$200, the minimum bid increment is $10. If the current bid is $150, the new bid must be at least $160 ($150 plus the minimum range increment of $10). If the current bid is $220, the new bid must be $270 ($220 plus the minimum range increment of $50).
- Value increment (for Open Cry auctions)
- Type the minimum increment between bids in the specified range.
- Add (for Open Cry auctions)
- Click to add a bid increment range.
- Remove (for Open Cry auctions)
- Click to remove a bid increment range.