What makes an event competitive?

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FAQ KB0392755

Symptom

What makes an event competitive?

Resolution

Events become competitive when the request for proposal (RFP) or auction template requires one of the following:

Participants must improve their bids.
Your site compares suppliers' bids.

When you disable the rule that requires participants to improve their bids, the event becomes non-competitive and three additional bidding rules disappear

See Also

The following table describes the rules that make an event competitive:

Section of the Event	Rules
Bidding Rules	Must participants improve their bids = Yes Create a buffer to protect lead bid = Yes Improve bid amount by Percentage (choose this when supplier pricing is high) Nominal Amount (choose this when values are low) Can participants submit tie bids No tie bids No tie bids for rank 1 No tie bids for rank 2 or better No tie bids for rank 3 or better
Market Feedback	Can participants see ranks? Their own rank Their own rank when leading All participants ranks Show participant responses to other participants - After participant's first response is accepted

Applies To

Strategic Sourcing > Sourcing Events