e-Auction

e-Auction

e-Auction

The e-Auctioning system, which includes Reverse and Forward options allows bidders to quote for individual items in real time within the auctioning window. We have taken extensive measures to ensure that MKCL’s eAuctioning module includes everything you need to make your auctioning process successful. Various PSU’s / Govt. departments using MKCL’s e-Auction platform for:

  1. Purchase (High valued Purchase) of Coal for Thermal Power plants.
  2. Sale of Industrial lands / Plots
  3. Ready to move residential flats
  4. Auction of attached Property.
  5. Some of the organisation using reverse Auction for their high value purchase.

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e-Auction

Features

  1. Forward as well as Reverse e-Auction facility.
  2. No Disclosure of bidder’s name by masking the actual names.
  3. Bidder administration in on going Auction. Reject particular bid to save it from Auction being scrapped.
  4. Multiple rounds in one auction.
  5. Post Auction, 25% of payment which has to be paid by the H1 bidder is also made through our system or the EMD will be forfeited.
  6. Auto-Refund functionality.
Features

Benefits

  1. Organizations can define multiple types of auctions.
  2. No system manipulation will occur as errant bidders will be blocked from bidding.
  3. Extremely personalised Communication via SMSs and emails to send information to different Stakeholders.
  4. Detailed Audit trails reports of each activity.
  5. Reduce paperwork.
  6. Online availability of data facilitates report generation, data analysis, future processing and archival.
Benefits

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eGovernance Initiatives

We at MKCL are developing eGovernance systems which are world-class and value-based and which are responsive to the individual and social developmental.

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