Registered and Public Bidding with Core dna

Core dna facilitates both registered and public bidding features to streamline procurement processes, enhance transparency, and improve competitiveness. This feature is essential for businesses looking to implement an efficient and fair bidding system, catering to both registered users and the general public.

How It Works

The integration of registered and public bidding within the Core dna ecosystem ensures a seamless user experience and efficient management of bids. Here’s a breakdown of how each feature works.

Registered Bidding

• User Registration: Businesses can configure their bidding portal to request users to register before participating. This registration process can be customized to capture relevant user details and verify credentials.
• Authentication and Access: Only registered users can view and participate in live bids, ensuring a controlled and secure bidding process.
• Personalized Experience: Registered bidders receive notifications, updates, and personalized insights based on their previous bidding activity.

Public Bidding

• Open Access: Any user can view and participate in public bids without the need to register, maximizing outreach and participation.
• Interest Tracking: Core dna allows businesses to track interest and engagement levels from public bidders, generating actionable insights to refine bidding strategies.
• Wide Outreach: Public bidding expands the reach to new markets and demographics, promoting inclusivity.

Feature Specifications

Practical Use Case

Consider a government agency looking to procure IT services. Using Core dna's registered and public bidding systems, they can open bids to verified vendors for sensitive projects via registered bidding. For other non-sensitive projects, they might prefer public bidding to encourage wider participation. This dual approach ensures that sensitive data remains secure while also promoting transparency and competition.