REVERSE AUCTION INFORMATION:
Advertisement for Bids
The Board of Trustees of Meridian Community College District will receive proposals in the Business Office, located in Todd Hall, 910 Highway 19 N, Meridian, MS until 2:00 p.m., Tuesday, Sept. 13th, 2022 at which time proposals will be opened publicly in the Banquet Room located in Montgomery Hall. Physical proposals can be submitted at the Business Office while electronic proposals may be submitted through Central Bidding at www.centralauctionhouse.com. Proposals to meet specifications will be taken under advisement for prequalification to participate in reverse auction. Proposals will be evaluated and vendors submitting acceptable offers will be invited to submit priced bids through a reverse auction.
Reverse auctions are an electronic auction where suppliers bid online against each other for contracts against a published specification. Reverse auction bids can be submitted at www.centralauctionhouse.com. Vendors can register at https://www.centralauctionhouse.com/SignUp at no charge. For questions relating to the reverse auction process or assistance with registration, please contact Central Bidding at (225) 810-4814. Date of reverse auction is Tuesday, September 27th, 2022 at 2:00 p.m. The reverse auction will last 30 minutes. Meridian Community College reserves the right to utilize “anti- sniping” for reverse auctions. Anti-sniping is a tool that automatically extends the bid time for a reverse auction by five (5) minutes if a vendor places a bid in the final five (5) minutes of the reverse auction. The anti-sniping effect will auto extend the reverse auction bid time any time a bid is placed in the last five (5) minutes of the reverse auction and can auto extend the reverse auction multiple times until the bidding on the reverse auction ends. Meridian Community College reserves the right to extend the auction date and bid award date if necessary to complete prequalification.
Timeline of Reverse Auction process:
Deadline to submit proposals to Meridian Community College Tuesday, September 13th, 2022 at 2:00 p.m.
Notification to vendors of eligibility to participate in reverse auction Tuesday, September 20th, 2022 at 2:00 p.m.
Reverse auction and award of bid to vendor Tuesday, September 27th, 2022 at 2:00 p.m.
Accepted proposals will be for the purchase of:
Bid #06-2022 Outdoor Live Video Display
Details and specifications may be obtained from the MCC Business Office located in L. O. Todd, 910 Hwy 19 N, Meridian, MS; phone: 601-484-8695 or through Central Bidding at www.centralauctionhouse.com.
The Board of Trustees reserves the right to reject any and/or all bids and waive informalities.
Thomas M. Huebner, Jr., Ph.D., President
Meridian Community College
RUN DATES: 8/25/22 & 9/01/22
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| REVERSE AUCTION BIDDING: |
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• The real-time bidding interface will appear below at the start date and time set by the owner. If you are viewing this page before the set start time of the reverse auction, you may need to refresh the page in your web browser in order to see the real-time bidding interface below.
• The Central Bidding time listed for this Reverse Auction is the official time for the placement of bids. All bidders acknowledge that this Reverse Auction is conducted electronically and relies on hardware, software, internal and external network speeds, as well as other variables that are outside of the control of Central Bidding. Central Bidding does not suggest waiting until the final seconds to place your Reverse Auction Bid. Vendors are solely responsible for the placement of timely bids.
• If you are viewing a Multi-Line Item Reverse Auction and you do not see the next item for bid once the time for that item expires, you may need to refresh/reload your page. You can do so by clicking the "Refresh" or "Reload" button which is normally located near the Home, Forward, and Back buttons in your web browser (depending on which web browser you are currently using).
• For questions regarding automatic extensions of the Reverse Auction time and other Reverse Auction technical information, please refer to the Anti-Bid Sniping section on the Reverse Auction FAQ page.
• When entering a bid amount, you may ONLY enter numbers (and one decimal point if necessary).
• DO NOT ENTER A DOLLAR SIGN OR COMMA WITH YOUR BID AMOUNT.
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| Owner/Creator Username: |
MCCGM |
| Reverse Auction Type: |
Single Item |
| Bid Solicitation Start Time/Date: |
21-Aug-2022 7:00:00 PM CDT |
| Bid Solicitation End Time/Date: |
13-Sep-2022 2:00:00 PM CDT |
| Reverse Auction Start Time/Date: |
27-Sep-2022 2:00:00 PM CDT |
| Reverse Auction End Time/Date: |
27-Sep-2022 2:30:00 PM CDT ( Expired ) |
| Status |
Realtime Event |
| Action: |
Sign-In to Bid
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Proxy Bidding and Bid Increments:
"Proxy bidding" makes bidding on auctions easier and less time-consuming for buyers.
Central Auction House will automatically place a bid on your behalf for the lowest amount possible up to your maximum bid using an increment bidding system. This allows you to remain the highest bidder for the auction until your maximum bid amount has been reached, also your proxy bid will remain confidential. To activate Central Auction House's proxy bidding system, simply enter the maximum price you are willing to bid, following these steps:
-When you place a bid, you enter the maximum amount you're willing to pay for the item(s). The seller and other bidders won't know your maximum bid.
-We place bids on your behalf using the automatic bid increment amount, which is based on the current high bid. We increase your bid only as much as necessary to make sure that you remain the high bidder, up to your maximum amount.
-If another bidder places the same maximum bid amount as yours, the bidder who entered the amount first is the current winning bidder. Your maximum bid is kept confidential until it is exceeded by another bidder.
-You cannot lower a proxy bid once it is placed
-You can raise your own proxy bid: if you have a proxy bid in place for $1,000 and place another bid for $1,200 then the actual winning bid won't change but your proxy bid will be raised to $1,200
-Please note: When proxy bidding is used it may appear as if one bidder has outbid another with the exact same amount. Again, the person who submitted the amount first is considered to be the winning bidder.
Increment Bidding:
"Increment bidding" refers to the minimum amount an auction bid must be raised each time the current highest bid is surpassed. The increment is determined by the value of the most recent bid. See below:
Example:
-The current bid amount is at $150.00 USD.
-Buyer 1 places a maximum bid of $210.00 USD.
-The increment bidding system will automatically place bids on Buyer 1's behalf up to $210.00 USD.
-When Buyer 2 places a maximum bid of $200.00 USD, Buyer 1's bid will be automatically increased in the set increments (see Bid Increments Chart) until it reaches $210.00 USD.
-If Buyer 3 places a bid of $220.00 USD, they will become the highest bidder because they have surpassed Buyer 1's maximum bid.
-To continue, Buyer 1 must enter a new maximum bid, which meets or exceeds the increment established by the highest current bid amount.
-If Buyer 1 has a proxy bid of $500.00 USD, our system will automatically bid $230.00 USD for them.
The increment amount is determined based on the current high bid currently in the item. See increment chart below for more information.
| Current Bid Price: |
Bid Increment |
| $1.00-$4.99 |
$0.25 |
| $5.00-$24.99 |
$0.50 |
| $25.00-$99.99 |
$1.00 |
| $100.00-$249.99 |
$2.50 |
| $250.00-$499.99 |
$5.00 |
| $500.00-$999.99 |
$10.00 |
| $1,000.00-$2,499.99 |
$25.00 |
| $2,500.00-$4,999.99 |
$50.00 |
| $5,000.00-and up |
$100.00 |
SUBMITTAL INFORMATION
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UPDATE/ADDENDUM HISTORY