Creating Line Items

Step 1: Create the new line item

From within the desired event, click the Lots tab, then select a lot from the list. On this screen, click the New Item button on the right.

From this screen, you'll complete all the required fields to create the line item.

Name: Name of the line item; this is the name shown in the bidder interface.
Lot: Use this dropdown to select the lot in which the line item will be placed.
Sort By: Items will be sorted by the numeric value in this field. Must be a whole number. Defaults to zero if not provided.
Number: Item number for the line item. Can be SKU, RFP item number, etc.
Quantity: Quantity associated line item, specified with unit of measure; i.e. 10/gallons where 10 is the quantity and gallons is the unit of measure.
Unit of Measure: Unit of measure.
Description: Description of the line item (can be multiple lines), using Textile formatting.

Validate:
- Bid required: Check this box to require that bidders submit a price for this line item. Note that once a bidder has submitted an initial price, they are not required to enter a value every time.
- Ties allowed: Check this box to allow tie bids. Note that bidders will never see a tied rank. In a tie scenario, preference is given to the first bidder to reach a specific price point.
Precision: The number of decimal places (2 to 4) allows in price submissions.
Decrement: Amount by which bidders must change their bid in order for it to be accepted.
Opening (optional): The maximum bid value that will be accepted for a line item. Can be hidden in bidder interface using the provided checkbox. If not provided, bidders can enter any value.

Baseline (optional): The amount used to benchmark savings; specified in unit price, not extended price. If not provided, savings will not be calculated.
Extended Quantity: Extended quantity. The bidder's price submission will be multiplied by this value to calculate the extended bid price.
Weight Type (optional): Specifies the type of weighting to be used. Can be hidden in bidder interface using the provided checkbox. If not provided, no weighting will be calculated.
- Adjustment Only: Weighting values will be specified as adjustments only.
- Percentage: Weighting values will include a percentage weighting, and an optional adjustment.
- Markup: Bids will be accepted in markup format, with an optional adjustment.
Reserve (optional): Reserve amount is the price at which you reserve the right to accept the pricing offered. Can be hidden in bidder interface using the provided checkbox.

When you are satisfied with your configuration, click the Save button.

Your account must have the appropriate permissions to create lots.