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  1. PERSUIT
  2. FAQs
  3. Reverse Auctions

Reverse Auctions

How to implement, and participate in, a Reverse Auction.

  • What do firms see during auctions? What are all the auction types and are firms blind / are bids sealed?
  • Reverse Auctions - Instructions for firms & pre-auction clarifications
  • How do I set up a reverse auction?
  • What if I want to accept a bid before the reverse auction has completed?
  • What if I accept a bid and then I get a lower bid?
  • Can I extend a reverse auction?
  • How long do/should reverse auctions go for?
  • What happens after a reverse auction ends?
  • How do I bid on a reverse auction?
  • Who can see my bids?
  • How do I change my bid or proposal?
  • Can I submit a proposal revision just as the auction is ending?
  • If I submit a proposal for a reverse auction, can I refine any of the details before the auction closes?
  • What if I don't have time to watch the reverse auction?
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