Connectivity Related Requisites:
Having good internet connectivity is mandatory for
participation in auction.
The preferable browser which supports the auction
engine are: Internet Explorer 6.0 or higher and Firefox.
Registration Related Requisites:
You have to get yourself registered with metaljunction/valuejunction
for auction particiaption
After registering with metaljunction/valuejunction ensure that you have also registered with the Client in whose auction you intend to bid and received your Client Code.
Filling up the profile page with information require at the Client’s end is essential to ensure smooth participation during auction.
Price once submitted in any auction shall be
legally binding on you. You are advised to exercise due diligence while placing
bids. Failure to honour the bids placed during online bid shall render penal
action on you as deemed fit.
Participation in the auction process presumes
complete awareness and understanding of the bidding rules. Hence ensure that
you have received necessary training before participation in auction.
While it shall be the endeavor of MJ to specify the
rules at the earliest for each online bid, the Service Provider shall have the
right to delay the announcement of these bidding rules or modify rules
specified earlier at the time of the online Bid.
You must be aware of the auction rule before
participation by giving your consent for the process awareness before auction
Client Specific Requisites:
For participating in auctions of Steel Authority of
India SAIL- Acceptance in-toto to "SAIL-FA1 (General Terms &
Conditions of Sale from Plants/Units of SAIL for sale through Online
Auction/Forward Auction (FA)"; "General Rules and Regulations
governing conduct of Online Forward Auction" and Special Terms and
Conditions for Sale of Materials of the respective Plant/Unit, is a
pre-requisite for securing participation in the online auction.
Auction Duration Requisites:
The duration of auction may vary from the
pre-specified period of time either on account of termination of the auction by
MJ or on the advice of the Client, in situation like:
o Where it is
felt that running of the auction proceedings is prejudicial to the smooth
conduct and / or the integrity of the auction process.
The auction duration may also increase from
specified period due to Auto time Extension during the Auction.
Always call the
auction room numbers in case you need any assistance. All the auction help line
numbers are displayed in our login page.