Aucto Help Center

What is a Tender?

On January 31st, Aucto is proud to announce the launch of our newest feature on Aucto.com. This new selling method is known as Tenders and will replace the previous Fixed Priced Listings across the website.

Modeled after a seal-bid auction, format Tenders provide provides corporations with another way to sell surplus and used industrial equipment, machinery, and parts. The new selling format offers sellers another sale variety to sell industrial assets that may not traditionally perform well in an auction format.

The new selling format allows sellers to offer a single or group of assets for sale and set an expiry date for when all bids are due. Aucto then markets the assets to its global buyer base, who can submit their best offer for those assets in a sealed bid format. Once the Tender expires, sellers review the bids and can award the sale to the highest bidder.

Related Questions

Should I sell Using a Tender or Auction

How Do I List a Tender?

 

 

 

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