How do Bid Agents work?
Your bid agent will remain inactive until only a few seconds remain of the auctio. If the highest bid at that point is within the interval you set and if has bids at its disposal, the agent will place a bid, and the countdown will be reset to 60 seconds. If no one else places a bid after that, you will be the winner of the auction. If more agents are active at the same time they will take turns in the bidding, so it may be a good idea to see how many agents are active before you place yours.
Related Questions
- Can a consortium bid in view that its effectively a federation of agents, and consequently may not have unified health and safety and training procedures per the directive on procurement?
- What happens if there are multiple Bid Agents bidding at the same auction?
- Do Agents bid to list bank owned properties?
