Reverse Auctions Reverse Auction Products Cattle Feed Ingredients

Reverse Auctions

Reverse Auction Products § Cattle Feed Ingredients § Sugar § Packaging § Chemicals § Transport § Dairy www. NCDFIe. Market. com

Buyer Advantages Price discovery Large seller base across the country Administrative cost reduction Large seller base enables the buyers in procuring the material with competitive prices. Buyers cross geographical barriers for procuring products. No administrative and transaction fees for buyers. www. NCDFIe. Market. com

Seller Advantages Qualified buyers Support in entire process EMD Buyers requirement is clearly specified which helps sellers to screen every buyer before participating in auctions NCDFI e. Market coordinates the entire process i. e. supplies and payments Faster release of EMD through Escrow Accounts www. NCDFIe. Market. com

Auction Process Overview PRE- AUCTION POST AUCTION Buyers Required Quantity , Location, Delivery period Buyers Can observe process Buyers Info of L 1 price for confirmation e-Portal Information, auction setup Sellers e-Portal Bids FOR price (In lots) Sellers e-Portal Winning seller will be intimated Sellers www. NCDFIe. Market. com

How does auction work? § The trading event managed by NCDFI § The trading process is an “Reserve Auction” § Required quantity, place of delivery, Delivery period is announced § Bidders bid FOR price www. NCDFIe. Market. com

Receipt of buyers requirement through email www. NCDFIe. Market. com

NCDFI e. Market circulates the notice through email, Whats. App & NCDFI e. Market. App to all registered sellers www. NCDFIe. Market. com

Sellers Bid Seller enters FOR price Bid time 15 Minutes In case of bid receipt in last 3 Minutes, an extension of 5 Minutes is provided. There can be 3 such extensions. . www. NCDFIe. Market. com

Post Auction L 1 rates will be sent to buyers for acceptance. Buyers will have option to accept or reject these rates. Contract Notes will be issued, if the rates are acceptable to Buyer www. NCDFIe. Market. com .

Registration & Transaction Fees § Registration Rs. 5, 000/- § Annual Maintenance Fees Rs. 5, 000/- § Buyer Transaction Fees Nil § Seller Transaction Fees Flat 0. 40% of the transaction value These fees are excluding applicable GST. www. NCDFIe. Market. com

Thank You NDDB D-Lab Campus, Post Box 79, Anand 388 001 +91 -2692 -288388 | Fax 288399 www. India. Dairy. coop | www. NCDFIe. Market. com