New Auction Simulator Type with Several Winners Permitted

A new auction simulator has appeared on the ITU Member Prozorro.Sale platform – an auction with multiple winners. This type of auction allows the lot to be distributed among several winners with the highest price offers.

 

New features of the simulator for auctions with multiple winners: participants can choose in the simulator auctions with multiple winners either as price increases or decreases via the dropdown list “price direction”. The new functionality will help potential participants better understand the principles of such types of auctions, prepare more effectively, and plan their participation strategy.

 

For this type of auction in the simulator, users can change:

• asset quantity – the total volume of the asset that participants are competing for;
• minimum asset volume – the smallest desired asset volume for the participant within the total asset volume;
• asset units of measurement – depending on the lot: tons, cubic meters, items, kilowatts.

 

In addition, apart from the usual fields with participant names and price offers, with the ability to edit, a ‘Desired Volume’ field has been added for demo auctions with multiple winners. In this field, the participant specifies the volume of the asset they plan to bid on.

 

Standard simulator features 

 

For auctions with multiple winners, apart from the specific settings, the usual fields for users remain:

• date and time of the auction – setting the desired start time for the auction;
• auction name and description – variable random lots for the Ukrainian and English versions;
• auction currency – in price-reducing auctions, the option to select euro cents has been added;
• starting price – the initial auction price;
• auction step – the minimum amount by which participants can adjust their bids;
• number of participants – set by buttons or manually entered.

 

How does demo-auction creation work? 

 

After filling out all the necessary fields, the user clicks the “Create” button, after which the system informs them of the successful creation of the auction. The user receives a link for participants and observers, which can be copied or directly used to go to the auction.

 

Click here to get acquainted with the multiple-winner auction basics.