Submitting Auction Prebids
Context
Prebids are starting bids that you enter during the preview period, before the auction begins. The
buyer may require you to enter prebids on the lots for which you are interested in bidding on.
If prebids are required, Ariba displays a message stating that you must submit a prebid at the top of
theReview Event Details page. If you do not submit a prebid before the preview period ends, you are
locked out of the event. Your prebid must be at or below the ceiling price to be accepted.
For each lot, the buyer can select whether participants bid at the item level and compete at the lot
level (unit price) or bid at the lot level and compete at the lot level (extended price). Verify whether
you need to enter a unit price or a lot price.
After the preview period ends, there may be a prebid review period set by the buyer. You can view
how much time is left in the prebid review period in the upper right corner of the page. The review
period gives the buyer an opportunity to review all the submitted prebids.
If the prebid review period is enabled, the auction begins immediately after the review period ends. If
the prebid review period is not enabled, the auction begins at the date and time set by the buyer.
Procedure
1. Prepare to bid in the auction as described in Preparing to Bid in an Auction.
2. Enter your unit or extended price bid for each lot or line item.
If you need help determining the bid amounts, click the information icon to view the bidding
rules for that item.
3. When you have completed your response, click Submit Entire Response.
Ariba displays a confirmation message.
4. Click OK to submit your response.
If you overbid on an item, Ariba displays an error indicating the values you need to correct.
If you underbid an item, Ariba displays a message indicating the underbid. You can either change
your prebid or check the box to ignore the warning and submit your prebid.
After you submit your response, Ariba display a confirmation message at the top of the page.