Common use of Bidding Clause in Contracts

Bidding. a. No bid shall be withdrawn or be less than the last previous bid. b. Subject to the reserve price, the Auctioneer shall fix the sum to commence bidding and regulate the advance of each subsequent bid. c. The Auctioneer may refuse any bid or bids without giving any reasons. d. Subject to these Conditions, the highest bidder (being so declared by the Auctioneer) shall be the Purchaser. e. Each bid will be called for 3 times, “First Calling, “Second Calling”, “Final Call”. Bidders may submit their bid at any of these stages of biddings. f. When system displays “No More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or through the Auctioneer’s website. g. The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer.

Bidding. a. No bid shall be withdrawn or be less than the last previous bid. b. Subject to the reserve price, the Auctioneer shall fix the sum to commence bidding and regulate the advance of each subsequent bid. c. The Auctioneer may refuse any bid or bids without giving any reasons. d. Subject to these Conditions, the highest bidder (being so declared by the Auctioneer) shall be the Purchaser. e. Each bid will be called for 3 times, “First Calling”, “Second Calling”, “Final Last Call”. Bidders may submit their bid at any of these stages of biddings. f. When system systems displays “No More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or through the Auctioneer’s websitevia online. g. The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer.