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_auctionReverse 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