Reverse Auction Pricing Tool (RAPT)

Specific Tasks - The Reverse Auction Pricing Tool (RAPT) must, at a minimum perform the following functions: The tool must have the ability to create an auction for materials to be sold/dispositioned by the DLA. This includes enabling bidders to compete to buy goods being dispositioned by allowing auction bid prices to increase during the course of the auction. Also, to enable this ‘forward auction’ to have the ability to either auto-extend by pre-established parameters or be done in a Final Blind bid format. The auto-extend or Final Blind time parameters must be fully editable by the auction creator. See attached file.