This is the direct opposite to an auction in which people compete to purchase merchandise for the highest price. In the reverse auction, a buyer lists what he needs and then sellers bid for the lowest price.
-- Jscotty, Mar 29 2009

Reverse Auction http://en.wikipedia...iki/Reverse_auction
Reverse Auction Already Baked [cindik, Mar 29 2009]

Who knew [cindik]? Go figure [jscotty].
-- blissmiss, Mar 29 2009


Used sometimes in automotive supply.
-- RayfordSteele, Mar 29 2009


Tendering, or Calling For Bids, is well baked in business & government.
-- DrBob, Mar 30 2009


Ok.. let us MFD this one and pretend like it never happened. ;)
-- Jscotty, Mar 30 2009


lol
-- fishboner, Apr 27 2009



random, halfbakery