The extension of bid closing times and the ability to resubmit prices as allowed by ERAs can be interpreted as a form of pre closing negotiation or bid shopping which may compromise a fair and open competitive process.

More commonly, the closing time of the electronic reverse auction is automatically extended for a specified period of time (e.g. 5 minutes) if a new lowest bid or a bid that changes top bid rankings is received in the last few minutes (e.g. within 2 minutes of the closing time).

Guidance on proposal and bid review, price negotiation and analysis of proposed costs prices

Usually, the closing time of the ERA is automatically extended for a specified period of time (e.g., 5 minutes) if a new lowest bid or a bid that changed top bid rankings (usually one of the top three ranked bids) is received in the last few minutes (e.g., within 2 minutes of the closing time).

When the price only is subject to ERA, it is usually required that the value of each bid has to be necessarily lower than the value of the last bid registered by the system.

Price Fixing and Bid Rigging, They Happen What They Are and What to Look For. www.usdoj.gov atr public guidelines primer ncu.htm

However, as it cannot generally be known who would have submitted the next best bid had the auction continued (since bidders may withdraw without submitting their best bid, if other bidders bid too low a price and it may not therefore be possible to identify the second best bidder), negotiations would be required with all other bidders.

bid., para.

Some systems regulate specifically the content of the notice on the winning bid, including the identity and coordinates of the winning bidder, the price of the winning bid, and the place of publication (e.g., on the website specified in the notice of the auction).

To determine relative ranking, some systems require real time disclosure of the lowest price to be bid while in other systems, only ranking but not prices are disclosed.

Unless this is done through appropriate legislative action, awards of contract on the basis of factors other than price and quality could lead to bid protests and disputes.

Eleven is bid.

First bid, 200,000.

Consequently, the winning bid may be simply an established increment below the second lowest bid rather than the lowest responsible and responsive bid.

On that day when the result was announced, the share price of JD.com, Inc. went up accordingly, surging by 4.65 to 24.60 and closing at 23.41.

(ix) The conditions under which the bidders will be able to bid and, in particular, any minimum differences in price or other features that will be required when bidding must be improved in any individual new submission during the auction and the time which the procuring entity will allow to elapse after receiving the last submission before closing the auction

(viii) The conditions under which the bidders will be able to bid and, in particular, any minimum differences in price or other features that will be required when bidding must be improved in any individual new submission during the auction and the time which the procuring entity will allow to elapse after receiving the last submission before closing the auction

It is not necessarily the case in the United States, where a typical ERA results in bidders being ranked by price only, and the successful bid is selected after the ERA phase, when the results of the auction are evaluated with non price criteria.

John Kerry s Tricky Bid

I'll bid the moon!

1,000 has been bid.

1,500 has been bid.

Bid the soldiers shoot.

What am I bid?

Four hundred is bid.

One thousand is bid.

Two thousand is bid.

'Bid farewell to loneliness,

What did he bid?

We stand, we bid.

How much did you bid?

or bid others to Godwariness,

What am I bid? 1,000.

Hello. What am I bid?

Bid the players make haste.

I bid you good night

I bid you good night

Oh, yes. Bid him enter.

What was his top bid?

Thank you, 200 is bid.

The last bid was 1200.

Three thousand. I bid 3000.

I bid you resign yourself.

Is that your last bid?

50,000, the bid is 50,000...