Understanding Awarding Bids

After you have analyzed an event and have determined the bidder or bidders to whom you want to award the bid, you can award the bid and then post the award. When you post the award, the system sends a message using the preferred contact method to the awarded bidders and creates either a purchase order or blanket order, depending on how you set up the event.

You use the Analyze Event form to award a bid and post an award. You can award a bid at either the header level or the line level. If you award a bid at the header level, you specify a percentage amount for the bid. For example, you can award 50 percent of the event to one bidder and 50 percent to another. If you award a bid at the line level, you can specify either a percentage amount or a quantity.

After awarding a bid and posting the award, you must click Complete on the Analyze Event form so that the system can advance the status of the event to Awarded.