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The goal of maximum bidding, also known as proxy bidding, is for you to win the auction item at the lowest possible price by placing bids on your behalf at the lowest possible increments up to the maximum amount you set.
What is the threshold of an auction?
Auction Threshold Price means the Minimum Bid Price or, if no Minimum Bid Price is specified on the applicable Auction Notice, the Fairness Opinion Price.
What is the minimum bidding amount?
Minimum Bid Amount means the minimum amount of an Advance that may be bid for by one Participant in an Auction as stated in the Announcement. Minimum Bid Amount means the lowest acceptable bid amount.
What is the Ohio bidding threshold?
Ohio Department of Commerce Publishes Increased Bidding Threshold for Numerous Public Entities for 2025. Effective January 1, 2025, the competitive bidding threshold for numerous Ohio public entities as set forth in Ohio Revised Code (ORC) Section 9.17 increased from $75,000 to $77,250 through 2025.
What is the cooperative purchasing program in Ohio?
Cooperative Purchasing Program is an optional resource that allows County Boards the benefit to purchase goods and services from state contracts awarded by the Department of Administrative Services (DAS) and receive the same pricing negotiated for state agencies under these contracts.
Related Searches
Columbus ohio ProcurementOhio DAS contractsOhio BuysOhio Buys LoginOhio State University ProcurementState of Ohio Cooperative Purchasing ProgramOhio Buys rfpState Procurement contracts
A bid threshold is the dollar amount set by a governing body which dictates when formal procurement procedures must be initiated for contracts. Typically, this means that if an anticipated contracts value exceeds the bid threshold, a competitive bidding process is required by law.
What is OhioBuys?
OhioBuys, operated by the Ohio Department of Administrative Services, is the State of Ohios online purchasing solution that empowers both government buyers and interested suppliers.
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