Disposal Tenders is
an auction process carried out for assets which are not easy to sell
or need specific type of bidder category. New surplus, non-moving,
overstocked, refurbished, used and designed based assets are typically
sold in this format.
As a part of the Disposal Tender Process, an
inspection of the assets is done by Indiaengineering at the sellers
end, following which a
high end catalog is prepared and hosted on the Indiaengineering
site. Market-making is then done to an identified set of bidders,
who can
then study the catalog posted on the site. After studying the catalog
and appropriate inspection of the assets, these bidders submit
their bids to Indiaengineering. These bids could be for the entire
lot
or many a times for a specific item of their interest. The incoming
bids are collected till the specified date and then submitted to
the seller for their confirmation. The H1 and H2 bidders are called
for negotiations and final discussions across the table with the
seller and the deal is closed with the bidder who offers the highest
price.
|