[seal]
CITY OF CORINTH
Reverse Auction Information
Notice of reverse auction and specifications request
NOTICE is hereby given that the City of Corinth will receive proposals for one (1) or more NEW 20 cubic yard garbage truck(s) until 10:00 a.m. (CST), November 29, 2021. Specifications may be obtained by visiting Central Bidding at www.centralbidding.com or City of Corinth at www.cityofcorinthms.com or by contacting the City Clerk’s Office (662-286-6644) at 300 Childs Street, Corinth Mississippi. Proposals may be delivered to Vickie Roach, City Clerk at 300 Childs Street, Corinth, Mississippi or mailed to City Clerk Vickie Roach P. O. Box 669, Corinth, Mississippi, 38835-0669. The proposal should be labelled City of Corinth NEW 20 Cubic Yard Garbage Truck Specifications. Electronic submittals can be submitted at www.centralbidding.com. For questions related to the electronic submittal or reverse auction process, please contact Central Bidding at 225-810-4814.
Submissions will be evaluated and vendors submitting compliant proposals will receive an invitation to participate in the Electronic Reverse Auction. The City of Corinth reserves the right to extend the auction date if necessary to complete the prequalification process.
BIDDING WILL BE HELD BY ELECTRONIC REVERSE AUCTION ON DECEMBER 13, 2021 AT 10:00 A.M. CENTRAL TIME. You must register with www.centralauctionhouse.com to participate in the Electronic Reverse Auction and submit pricing. Vendors can register FREE at www.centralauctionhouse.com/registration.php. Each Vendor shall be required to ensure the delivery and receipt of its proposal by this agency prior to the date and time of the opening listed above.
BY ORDER OF THE BOARD OF MAYOR AND ALDERMEN OF THE CITY OF CORINTH ON THIS THE 19TH DAY OF OCTOBER, 2021.
City of Corinth
BY: Vickie Roach, City Clerk
Advertise: November 6, 2021 and November 13, 2021
Proposal Submission date: November 29, 2021
Reverse Auction Date: December 13, 2021 at 10:00 a.m. CST
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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: |
CMSBS |
| Reverse Auction Type: |
Single Item |
| Bid Solicitation Start Time/Date: |
06-Nov-2021 12:00:00 AM CDT |
| Bid Solicitation End Time/Date: |
06-Dec-2021 10:00:00 AM CST |
| Reverse Auction Start Time/Date: |
13-Dec-2021 10:00:00 AM CST |
| Reverse Auction End Time/Date: |
13-Dec-2021 10:35:00 AM CST ( 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
DOCUMENTS AVAILABLE FOR DOWNLOAD
UPDATE/ADDENDUM HISTORY