Does a bid expire?

For small procurements, the bid validity period may be 30 to 60 days. For more complex procurements, it can be 90 days or more, depending on how long it is estimated to take from the bid opening date until the contract is signed.

How long is a bid good for?

Does a bid bond expire? It is important to note that bid bonds expire 120 days after being executed, unless the surety notifies SBA before this date in writing of a new expiration date.

What does it mean for a bid to expire?

The bid expiry feature allows you to select a time that your bid will expire, preventing the business from accepting your bid (ex. selecting you 1 hour prior to start time).

What happens if a bid expires on StockX?

You are now the highest Bid again, unless another Buyer has placed a bid in between your Bid and the winning Bid, in which case they will become the new highest Bid.

What happens when bidding ends?

The process ends when there are no more bids, and the buyer making the highest bid gets the item. The highest bidder takes ownership of the item immediately after paying their bid price.

STOCKX BID COST ME BIG TIME!!! *BUYER BEWARE*

What happens if you win a bid but don't want it?

Bidding Equals Commitment

By bidding on an item, you obligate yourself to pay for the item if you win it, even if you decide you no longer want it. Only bid on items you are serious about purchasing.

How long after winning a bid do you have to pay?

A buyer has two days to pay for an item on eBay from the time of their purchase. After two days, a seller can open an Unpaid Item Case, prompting the buyer to pay or resulting in a loss of buyer privileges if the seller is never able to collect the money. Visit Business Insider's homepage for more stories.

Can you lose a Bid on StockX?

You're able to withdraw your Bid at any point up until it matches a Seller's Ask. Once this happens, you're committed to your purchase. To ensure the integrity of StockX's marketplace, it's imperative that each sale be real, active, and dependable.

Can a Seller reject a Bid on StockX?

The seller has to accept your Bid or use the Buy Now option to accept the lowest Ask. How long does a Seller have to accept the highest bid? Hey, please refer to the link below. If you have any additional questions please reach out to [email protected] and we will be sure to follow up as soon as possible.

Can a Seller cancel a Bid on StockX?

Shop or sell now: stockx.com/air-jordan-1-r… A bid can be deleted by clicking the trash can icon while it's still under the 'current' section on your buying page. After a bid is accepted, and is under the 'pending' section it can't be canceled.

Can you cancel a bid after it ends?

How do I cancel an eBay bid? Cancelling an eBay bid can be done via the 'retracting a bid' page, using the 'retract a bid' button. Simply click on this, then select the product you wish to retract your bid for and give your reason for doing so.

Can you back out of a bid?

In many cases — yes. Buyers who have placed a bid can retract their bid any time before the auctioneer announces the sale has been completed. It's important to note, however, that the withdrawal of one bid does not revive any previous bid.

Why is my StockX bid not being accepted?

Occasionally, order failures can occur on StockX. These are generally the result of a payment issue, but they can also happen due to an item being taken down or having its price changed as you attempt to purchase or Bid on it. In either case, the Buyer's payment is not captured and their payment method is not charged.

How does a StockX bid work?

Placing a Bid will allow you to set how much you'd like to pay for an item, from a minimum of $15. If you have the highest bid price for an item on the site, it will be up to a Seller to determine if they are interested in meeting you at your offer.

What happens when you buy a bid?

The Bid is the price that a buyer is willing to pay for the stock. This price is almost always lower than the Ask. The Ask is the price the seller is willing to sell the stock for. In a perfect world, we would be able to buy the stock at the Bid price, but that's rarely possible.

Is StockX bidding legit?

Authenticity Guarantee: StockX verifies the authenticity of every product sold on the platform, so buyers can be confident that they are getting the real deal. Competitive Prices: The bidding system on StockX ensures that buyers can get the best possible price for the items they want to purchase.

Do you still have to pay if you lose a bid?

In a standard auction, only the winning bidder would be required to make payment. All losing bidders would be free from financial obligation. Several types of all-pay auctions exist; the most common form is a raffle.

Is bid the price you pay?

The term "bid" refers to the highest price a buyer will pay to buy a specified number of shares of a stock at any given time. The term "ask" refers to the lowest price at which a seller will sell the stock. The bid price will almost always be lower than the ask or “offer,” price.

Do you have to accept a bid on bid day?

Decision. While receiving a bid is the sorority's formal commitment to accept you as a new member, you must make the final decision on whether to accept a bid. Some recruits pull out of the recruitment process during rush week. Though less common, others decide to reject a bid.

Does the lowest bidder always win?

In most cases, agencies award contracts to the lowest bidder. “Lowest bidder” is a clear-cut term. So, in cases where a product is quoted the lowest against its competitors, the bid will be awarded to that company.

Can a seller refuse the highest bid?

Reserve Auction (an auction subject to Confirmation)

A minimum bid is not published, and the seller reserves the right to accept or reject the highest bid within a specified time -- anywhere from immediately following the auction up to 72 hours after the auction concludes.

What is the most likely reason to lose a bid?

One of the most common reasons for a loss is non-compliance, and with complex proposal instructions, it is easy to make costly mistakes. Non-compliance is the easiest mistake that can be avoided when submitting proposals. Take your time to understand the proposal instructions — quite literally.

Why is my Bid red on StockX?

Current displays all active Bids—green numbers indicate a highest Bid, while red numbers indicate a higher Bid has been listed. Black numbers indicate an inactive listing.

Can a bidder withdraw a bid?

A bid may be withdrawn in person by a bidder or its authorized representative if, before the exact time set for receipt of bids, the identity of the person requesting withdrawal is established and the person signs a receipt for the bid.