Tue, Jul 21 12:19
Organizer's View Draft autosaved

Create a Timber Tender / Auction

Define the lot, schedule its phases, set ceiling, floor and step prices, choose the documents bidders must provide, and tune the live room - then invite participants.

Tender Basics

Name the lot, set when it runs, and upload the documents bidders will see.

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tons

Phases & Schedule

Run the auction in one or more rounds. Each round eliminates the lowest bidders - only the top N advance to the next round, and the final round decides the winner.

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1
→ advance
2
→ advance
3
Final · winner

Ceiling, Floor & Step Prices

Prices are in thousands of USD (K) for the whole lot.

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↓ Floor (reserve)
$
↑ Ceiling (cap)
$
⇈ Step increment
$

Payment Conditions

Set the prepayment and the terms that bind the winning bidder after the auction.

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%
30% prepay
70% on delivery
Prepayment locks the lot for the winner Balance due before / at delivery

Transportation Condition

Choose who arranges haulage of the lot to its destination.

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WoodBid matches the lot to the best-rated carrier in its vendor list by route, capacity, rate and availability. The winner picks from the shortlist after prepayment.

Deal Process & Deadlines

After the auction the winner completes these steps in order. Set a time limit for each.

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1
Sign the Contract ! Forfeit gate Missing this deadline forfeits the win
2
Prepayment ! Forfeit gate Missing this deadline forfeits the win
3
Delivery Time-limited · tracked in the deal room
4
Full Payment Time-limited · tracked in the deal room
5
Review Seller's Cargo Time-limited · tracked in the deal room
If the winner misses the Sign the Contract or Prepayment deadline, they are eliminated and the runner-up is promoted to winner automatically.
total
The top 3 ranked bidders stay bound to the result. If a winner forfeits, the next in line is promoted in order. Bidders ranked below the cut-off are not on the waitlist.

Required Documents to Participate

Bidders must submit these within the submission window to be cleared for the auction.

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Live Room Settings

Control countdowns and identity for the live auction. Chat is kept off for the first release.

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Invite Participants

Set who can see this auction, then invite verified bidders by website handle or SMS panel

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This auction is listed publicly in the WoodBid marketplace - any verified bidder can find it and request to enrol.