BGS Auction brandmark
Search:
 
Frequently Asked Questions - #30

Your use of this page (site) constitutes an acceptance of the Terms as described in the disclaimer.

 

FAQ-30

What is the intent of the Association and Confidential Information Rules? 


The intent of the Association and Confidential Information portion of the Auction Rules is to promote the competitiveness of the auction, to uphold the integrity of the Auction Process, to prohibit collusive arrangements, and to ensure that no bidder gains superior information regarding its competitors that might affect the Auction Process. A bidder shows compliance with these rules by making a number of certifications in the Part 1 Application and the Part 2 Application. If a bidder is able to make all the certifications, the bidder complies with the Association and Confidential Information Rules. The certifications ensure that the bidder is not part of a collusive arrangement, the bidder does not gain superior information regarding its competitors that might affect the Auction Process, and the bidder is not providing to others information related to the auction or its bidding strategy.



11/15/2021, in Association and Confidential Information Rules.

What's New