What do the different rankings in a reverse auction mean?

PERSUIT’s Reverse Auction lets you see in real-time where you rank vis-a-vis other participating firms.

There are two ranking indicators displayed once an auction begins: Overall Ranking and Phase-Based Ranking.

You will be able to see both of these regardless of the auction type chosen by the client. These rankings are to help you understand how your firm compares to the market price and give you the information to inform your auction strategy.

Overall Ranking

An auction is run on the basis of either a Total Price or Comparison Value which is chosen by the client.

The Overall Ranking uses that chosen value to show how your firm compares to other participating firms. This is displayed at the top of your firm’s column in the Comparison view.

Phase-Based Ranking

The phase-based ranking displays how your firm ranks in price at each individual item phase. You’ll be able to quickly see which phases have the biggest impact on your proposal. 

Note: This ranking will not apply to hourly rates or discount price models.