Welcome to the e-Auction Portal of
Punjab Urban Planning and Development Authority (PUDA)
What is Forward Auction?
A Forward Auction is a type of auction where multiple buyers compete to purchase a product or service offered by a single seller. The price typically increases with each bid, and the highest bidder wins the item.
Key Features:
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One seller, many buyers
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Price moves upward
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Competitive bidding drives price higher
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Common in real estate, government asset sales, surplus inventory liquidation
Example:
PUDA lists a land parcel for auction. Multiple interested parties bid, and the one offering the highest amount wins the rights to purchase the land.
What is Reverse Auction?
A Reverse Auction is where multiple sellers compete to offer goods or services to a single buyer. The price typically decreases as sellers underbid each other to win the contract.
Key Features:
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One buyer, many sellers
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Price moves downward
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Encourages competitive pricing from suppliers
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Common in procurement, infrastructure projects, and large-scale service tenders
Example:
PUDA invites contractors to bid for the construction of a public facility. Contractors submit bids, and the one offering the lowest price with qualifying criteria is awarded the project.
Comparison Table
| Feature | Forward Auction | Reverse Auction |
|---|---|---|
| Buyer/Seller Count | One seller, many buyers | One buyer, many sellers |
| Price Direction | Increases (upward bidding) | Decreases (downward bidding) |
| Goal | Maximize selling price | Minimize purchase cost |
| Common Use Cases | Asset sale, property auctions | Procurement, contract awards |