Reverse auctions conducted to finalise a civil consstrution tender was an eye opener. Normally all the stake holders were aprehensive how to address so many price fields in civil RFPs. Sometime the no of price bid fields goes beyond 100s'.

As an experiment,we did an event for western Region power sector of BHEL, a Engineering major in India. I am giving below the process followed.

• A well formated Excel sheet provided in the RFP wherein the bidders are asked to put in their prices for all the fields, and asked to bid the formatted output during auction. ( Office 03 onward supports selective protection to avoid errors)
• Bidders are asked to attach the above excel sheet along with their first bid.
• And the auction conducted for stipulated time frame along with auto extension.
• Auction also facilitated exit price, proxy bidding etc.
• At the end of the auction, the winning bidder was asked to give a declaration to reconfirm his unit prices by reducing on pro rata basis by the percentage difference between his first bid and last bid.