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What Are Incremental Bids?

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What Are Incremental Bids?

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A. Bidding increments are defined as the next amount required to secure a new “high bid”. As an example: If the current bid on an item is $150.00 the next acceptable bid would be $155.00, if the bid increment was set at $5. Depending on the value of an item, the bid increment could be as low as .25 cents or as high as $25.

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A. Bidding increments are defined as the next amount required to secure a new “high bid”. As an example: If the current bid on an item is $150.00 the next acceptable bid would be $155.00, if the bid increment was set at $5.

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