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Saves RMB 33,500，price reduction as much as 18%
| Customer |
An internationally renowned electronic equipment manufacturing company. |
| Project Name |
Marketing Material Filming |
| Bidding Items |
Marketing Material Filming |
| Suppliers |
This was a critical component and there were only 2 qualified and incumbent suppliers. All 2 suppliers came from Southern China. |
| Budget |
Approximately RMB 33,500 |
| Bidding Date |
July 2015 |
| Bidding Strategy |
Bidding in one single lot. Bidding period set to be 30 minutes. Any new bids coming in the last 3 minutes would extend the period by 3 more minutes. Bidders could see their rank only. |
| Bidding Results |
The auction lasted 39 minutes, with 52 bids submitted. Historic price was RMB 180,000, and winning supplier bedded RMB 146,,500 for the whole lot. A great success despite the few number of suppliers that were able to participate. |
Bid Graph
