Bidder Price Breaks

If bidding on an event that includes user-defined price breaks, bidders enter their bid prices based on the predefined tiers. Otherwise, if the event specifies bidder-defined price breaks, the bidders can define their own price tiers. When entering the price tier response, bidders indicate whether the tier pricing is adjusted based on a flat-dollar amount or based on a specified percentage. Alternately, the bidder can just enter the unit price for each tier and the system will automatically calculate the dollar and percent adjustment. If the bidder enters a negative amount that applies to the price tier, that amount is subtracted from the base price to determine the net bid price for the tier. If the bidder enters a negative percentage that applies to the price tier, the percentage is multiplied against the base price to determine the discount amount, and that amount is subtracted from the base price to determine the net bid price for the price tier. The discount percentage is automatically calculated and appears if the bidder enters a discount amount. In the same manner, the discount amount is automatically calculated and appears if the bidder enters a discount percentage. The bidder can enter the discount percentage or the discount amount.

The bidders can also specify whether the price terms are based on a quantity ordered to date or based on the current order quantity. If the bidders select quantity to date, the cost per item is based on a cumulative quantity ordered. If the event is awarded to a contract and there are multiple releases (orders) against the contract, the price is based on the cumulative ordered quantity of the orders related to the contract. If instead the bidders select current order quantity, the price is based on the quantity that relates to the specific release against the contract.