Every procurement format the market runs, in one bidding engine

Qualified suppliers compete downward in real time. Each new bid must beat the standing low by at least the decrement.

• ·Rank-only visibility keeps rival prices hidden
• ·Anti-sniping extends the clock on late bids
• ·Decrement enforces a meaningful price move

Best for: Repeat, spec-locked categories: linen, chemicals, disposables, standard equipment.

Buyers compete upward for a lot. Used across Second Life to realise the best price on surplus assets.

• ·Highest standing bid at close wins
• ·Increment prevents token raises
• ·Reserve price protects the seller

Best for: Surplus FF&E, refurbished kitchen equipment, ex-lease linen and IT assets.

The buyer's price steps down on a fixed clock until the first supplier accepts. Speed is the whole game.

• ·Price falls by the step at every interval
• ·First acceptance ends the event
• ·Floor price stops the descent

Best for: Urgent fills and clearance buys where availability matters more than negotiation.

The buyer announces a price each round. Suppliers accept to stay in or exit permanently. The last supplier standing wins.

• ·Every round lowers the announced price
• ·Exiting is irreversible
• ·Reveals each supplier's true walk-away point

Best for: Annual contracts with a handful of credible suppliers and opaque cost structures.

Line-item rates locked for a contract period across multiple properties, with call-off against agreed rates.

• ·Suppliers price each line, not a single total
• ·Award can be split by line or region
• ·Rates hold for the contract duration

Best for: Consumables, chemicals, amenities and manpower across a portfolio.

One-shot confidential bids opened together and ranked by the evaluation agent on landed cost, delivery, terms and referrals.

• ·No visibility into rival bids
• ·Single submission per supplier
• ·Agent scores on weighted criteria

Best for: First-time buys, project packages and anything where quality trade-offs matter.