Tender Alert: Difference between Auction and Reverse Auction - 0 views
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tenderalert123 on 23 May 15Reverse auction the word itself states the reverse of auction. Auction is a process in which the person interested in buying a good bid for the same, in this the price of the good goes on increasing until the person with highest bid takes the good. In Reverse Auction, many sellers of goods and services compete among themselves for providing goods and services that a buyer requests for.