We are going after a project where instead of a bid opening the customer is going to have a reverse auction. Is this exactly what the name implies....you start at a certain price and then the contractors keep lowering their bids until everyone else gives up? What else should be expected?
Comments from anyone with experience on this would be appreciated.
Red Flag Submitted
Thank you for helping keep Eng-Tips Forums free from inappropriate posts. The Eng-Tips staff will check this out and take appropriate action.
Reply To This Thread
Posting in the Eng-Tips forums is a member-only feature.
In a typical integrated circuit (IC) design firm, semi-custom design flows are used to ensure that the final manufactured products meet all of their design requirements and can be delivered on schedule. Download Now
A number of terms like “digitization”, “digital twin”, and “digital thread” have started to emerge in the product design world. While these terms have loose and varying definitions, the core ideas that underpin each of these concepts are becoming increasingly important to successful product development. Download Now