Reverse Auction Helps To Save Money

Online, February 21, 2010 (Newswire.com) - All companies, offices or schools try to save their money when they buy products or services. They spend a lot of time with finding a suitable product, service and supplier. Financial amounts awarded for such goods and services make often a large proportion of the total costs in the company. Therefore everyone seeks to purchase goods at the lowest possible price. Here becomes an appropriate tool Aligero.eu portal where everyone can get the lowest price by entering the on-line competition - reverse auction.

For an idea how do reverse auctions work, we can imagine traditional auction room e.g. with pictures. The room will meet potential buyers and their bids inflate the price of picture they would like to buy. The winner of this auction is the person with the highest bid. The reverse auction works exactly the opposite. The submitter of the auction is the buyer who wants to buy goods or services and participants in the auction are potential suppliers of goods or services. These suppliers are trying to get a contract by reducing value of their offer they are willing to deliver the auction subject. The winner of the auction is the person with the lowest bid.

Reverse auctions on-line transmits the reverse auction in the Internet environment. It allows reducing the cost to a minimum, which the participant is willing to sell the goods or services in auction for. Participants in the auction may not to sit in one room. Documents for the offers are available to all participants in on-line auctions.

How does the on-line reverse auction work?

The reverse auction system Aligero.eu is available as an on-line web application. If the user wants to organize an auction or purchase he must first fill register form. Registration is quit and easy. Then the buyer enter his requirements, description, estimated cost, date of delivery or completion, additional documentation and date of termination of the auction. The candidate's who wish to participate in the auction, put its offer. During the auction they can see which offer is the best and who put the lowest bid. So they can respond directly to competitive offer and can adjust price to their best offer. Participants compete, who win the contract. Winner of the reverse auction is the one who offers the lowest price. After completion of the work buyers and sellers can evaluate each other. Reviews help others in selecting trusted users.

The cost savings with using on-line reverse auctions can be up to 30% due to the fact that the suppliers can see their offers each other.

For buying or selling visit web site at http://www.aligero.eu.