As an organisation or a tender issuer you can source goods and services at competitive prices via our transparent, real time e-procurement auctions. Our comprehensive database of suppliers enables tender issuers to buy or sell to a bigger pool of bidders, thereby attracting competitive bids.
Why use GetBiz online auctions?
- It is a cost effective and an efficient means to procure from a wide supplier base
- The process allows for clear record-keeping and competitive bidding
- Suppliers are vetted and pre-selected prior to participation
- Procure goods at competitive prices, real-time
GetBiz offers two types of auctions to tender issuers – for buyers and sellers.
In a buyer’s auction, a product is displayed and buyers compete to outbid each other to provide the service or product at a competitive price.
In a buyer’s auction, things work in reverse, the tender issuer is a buyer instead of a seller. Suppliers compete to obtain business from the tender issuer and undercut each other without compromising the quality of the product or service provided.
In a seller’s auction, the tender issuer is the seller instead of a buyer. Tender seekers are the buyers who bid to buy or acquire a product, asset or service at the most competitive price, usually the highest bid.
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Current & Upcoming Auctions
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