eTender — Bidding Rules & Regulations

Clear, concise rules for slot-based reverse-auction bidding on the Gulbaba Foundation eTender portal.

Reverse Auction • Slot Booking • Group Codes
Auction Type

Reverse auction — lowest valid bid (₹) wins per group code.

Slot-based Participation

Bidders book a time slot and can bid only during that scheduled slot.

Group Codes

Each booking per notifications is assigned a Group Code (e.g. BIDG-001). Results finalized per group.

1. Eligibility & Registration
2. Slot Booking & Attendance
3. Bidding Window
4. Reverse Auction — Bid Format & Limits

Important numeric rules (project-configurable):

Example: Current lowest = ₹550,000. If min_diff=₹500 and max_diff=₹50,000, the next valid bid must be between ₹500,000 and ₹549,500 (exclusive of current lowest).

Behaviour summary:

6. Real-time Updates & Refresh
7. Bid Storage & Result Finalization
8. Email Notifications & Cron
9. Disputes, Cancellation & Penalties
10. Security & Audit
Quick Reference
  • Currency: ₹ (INR)
  • Time zone: IST (Asia/Kolkata) — all slot times shown in IST
  • Group code format: BIDG-###
  • Bids listed by: bid_amount lowest , then bid_time
Contact & Support

For technical support or to request changes, contact the portal administrator:

support@gulbabafoundation.online

Last updated: 03 Oct 2025 — These rules are part of the eTender platform configuration and may be updated by the system administrator.