COMDDAP AUCTION 2010

AUCTION MECHANICS

1. There will be a maximum of two (2) auctions per day, one in the morning and one in the afternoon,
depending on the number of event participants who are willing to have their products auctioned off.

2. Items to be auctioned will be displayed either physically in the auction area or via picture in the
projector screen with the corresponding specifications and suggested retail prices (SRPs).

3. The auctioneer will start the auction by announcing and describing the item to be auctioned starting
with the agreed starting bid price.

4. Qualified bidders will be allowed to give their bid offer on the floor.

5. All of the offered bid prices will be displayed on the projector screen as the auctioneer conducts the
bidding process.

6. The auctioneer will give three (3) opportunities for any bidder to give his last offer after which the bid
process ends. Highest bid wins.

7. Each bidding has a maximum of ten (10) minutes to complete.

8. A Certificate or Confirmation Slip will be given to the winning bidder (after each bid) as a proof, and to
be used for processing of payment and claim.

REGISTRATION PROCESS

1. For Activity Participants/ Vendors

a. Interested activity participants (limited to confirmed event exhibitors only) can submit
registration form to the COMDDAP Secretariat, subject to approval by the committee in
charge.

b. Items to be auctioned off should be submitted/delivered to the COMDDAP Secretariat, and

PRIOR to the event dates. Vendor should indicate the starting bid price, and the suggested
retail price (SRP).

2. For Bidders

a. Interested bidders should register at the Registration Counter, or the area designated for
Auction Registration.

b. Daily Auction is open to both the exhibit visitors and the personnel of the event
participants/exhibitors.
 


TERMS AND CONDITIONS

1. The auctioned items that had a winning bid, should be paid in cash or credit card, or dependent
on the vendorʼs policy on the same day that it was auctioned off. Otherwise, the bidding exercise
is forfeited.

2. Warranty of items will be based on the vendorʼs policy.

3. 10% of the winning bid price will be “donated” to COMDDAP, which in turn will be added to the
corporate social responsibility (CSR) funds of the event.

WHAT ITEMS ARE QUALIFIED FOR AUCTION

1. Only items worth One Thousand Pesos only (Php 1,000.00) and over are qualified for auction.

2. All items to be auctioned off should be ICT related.