Module 5: Bidding
Learning Objectives
In this module you will learn the following:
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The definition of a bid.
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How to submit a bid.
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How to withdraw a bid.
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What happens after submitting a bid.
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The timeline of a posting.
1. What is a Bid?
A bid is an indication of your interest in taking a new position. When you submit a bid your bid is ranked against other bids for the same position.
2. Submit a Bid
When you click on an active posting on the Opportunities page, it will give you the option to submit a bid for that position. You will also be able to see how many bids have already been placed on that opportunity and how much time is left before bidding closes.
To place a bid, simply press the Submit Bid button. The posting will then be included in the My Bids section.
3. Withdraw a Bid
If you wish to withdraw a bid while the posting is still active go to the My Bids section and click the Withdraw button.
If you wish to withdraw a bid after bidding has closed, you can simply reject the offer if one is extended to you.
4. After Bid Submission
Once the posting closes, the highest-ranked bidder is notified and has 24 hours to accept the position. Those who are not offered the position are then asked if they still have interest in the position. In both circumstances the bidder is notified in the My Offers section.
If the highest-ranked bidder does not accept the offer within 24 hours, the position is automatically accepted for the person who expressed continued interest.
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In the next module, you will learn how to accept, reject or confirm interest in an offer.
5. Timeline of a Submission
In total the timeline of a posting is 48 hours. With each posting you have 24 hours to place a bid ("one-day bid process") before bidding automatically closes.
Each person who has placed a bid has pre-qualified for the position, so the person who is the highest-ranked bidder is automatically offered the position. That person has 24 hours to either accept or reject the offer. At the same time, the bidders who are lower ranked are asked to indicate if they are still interested in the position. This is because if the highest-ranked bidder rejects the offer, PositionBidding™ will automatically assign the highest qualifying bid to the position.