• Bidders must register in www.01markets.com internet site as per the training given by Wipro Limited
  Bidders are advised to make a note of their User name and Password after the registration. The username and password are case sensitive. Bidders are requested to change the pass word and also not to reveal the same to anyone else.
• Closed online bid: The bidders shall send their declaration regarding compliance to the terms and conditions online before submitting the closed online bid. In the closed online bid the bidders are required to upload their total amount for the package based on the details furnished in schedule-B.
• Standard English Reverse Auction will be conducted. Explanation: Each bidder will be given a user name and system generated password which will be sent through e-mail only to the bidders by Wipro Limited Bidder must type his user name and password in the space specified in the Home Page Each bidder can see his bid amount in the computer screen. But can see only the bid amount of other suppliers and not their name / identity .
• Server Time in Wipro Limited site will be the basis of Start time & Closing time for bidding.
• Bidders may use the “Auto Bid Upto” feature in the Wipro Limited site from the start time of bidding for each work.
• Reverse auction process will be conducted for a period of 60 minutes. If a bid is placed in the last 10 minutes of the prescribed time (i.e after the 50th minute upto 60th minute) then only first extension of 10 minutes will take place. The period of reverse auction, extension and number of times of such extensions may be varied by KSPHC, if required.
• Extension Rule: The bidding time will get extended by 10 minutes, if a bid is placed in the last 10 minutes. Maximum three (3) extensions of 10 minutes each only will happen, subject to a bid being placed in the last 10 minutes.
• Suppliers can get explanation about the features/options like Work Name, Starting Bid, Minimum Decrement, Server Time, Start time, Closing time, Bid History, Auto Bid Upto, during the time of training by M/s Wipro Limited.

Note: In case of any operational problems arising during the submission of closed online bids / reverse auction process is under progress, the same may have to be reported to KSPHC & M/s WIPRO immediately. The decision to reschedule, postpone or cancellation the entire process will be taken by KSPHC based on the merit of such reports. In case of temporary suspension, when the closed online bids / reverse auction will be restarted will be intimated to the bidders on Wipro Limited, Website. Also, in the event of successful conclusion of the reverse auction, the process will come to an end after a waiting period of 30 minutes for the bidders to register any protest. Therefore the bidders are advised not to logout from their PC’s till an announcement is made regarding the closure of whole process in a complete manner, in M/s Wipro’s web site. In case of postponement or cancellation the same will be intimated to all the bidders over Wipro Limited, Website also. The bidders are advised to visit www.01markets.com for any NITs, circulars, corrigendum, etc.,