Bid or Buy
Buy or bid. What do I have to pay attention to?
Once you have found the right rolling bearing on the marketplace, you must pay attention to the type of offer when purchasing. As with the purchase request, the seller can post rolling bearings for purchase in 2 ways: Order or Bidding Request.
With the Order type, you buy the bearings at a fixed price by clicking on Buy.
With the Bidding Request offer type, you do not see a price but should submit a price proposal to the seller. To do this, click on Bid.
If your bid is below the minimum price, the dealer has the option of accepting or rejecting your offer.
In future, the seller will have the opportunity to make you a counter offer. We will be happy to keep you up to date.
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Direct purchase
Click on the Buy button to make a direct purchase. A pop-up window will open with a summary of important information about the selected bearing. Please check that everything is correct before you finalise the purchase by clicking on Confirm Trade.
Click on the X to close the pop-up window to stop the purchase process.
You can see from the heading whether it is currently a buy (BUY) or a sell (SELL).
Unit
- The technical designation or brand and name of the bearing type is stated
- The purchase price per bearing (Unit Price) is shown as well as the quantity purchased (Quantity) and the resulting total price (Price)
- Additional information Production Year and/or Country of Origin is also listed here.
Conditions
- The country from which the bearing is shipped can be found under Location.
- Inco-Term EXW (ExWorks / ex works)
- The Ready-to-Ship specification for BEARING X is always 1 day. This is to ensure that the bearing is dispatched as soon as possible after purchase
- If a dealer has specified special shipping conditions, you can open these by clicking on the text PDF.
Additional Information
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Here you have the opportunity to provide the trading partner with optional information. Simply enter this in the text field.
If you want to finalise the purchase (binding), click on Confirm Trade.
Bidding Request (Bid)
If a bearing type is set as bidding request, you must submit a price proposal to the seller with your purchase intention. The minimum price requested by the seller is not visible.
Click on Bid to start the process. A pop-up will appear with an input field in which you must enter your price proposal. The price shown here refers to the price per individual bearing (Your Bid per Unit). After you have entered your price proposal per unit, the display is updated with the total price. In addition, the popup shows a summary of all relevant information, just like the popup for a normal purchase. See here.
Check your entry and click on the Confirm Bid button.
According to the price proposal, there are two possible scenarios.
- If your price corresponds to the seller's minimum price, you automatically buy the quantity you specified at the price you set (direct execution of the trade).
- If you have specified a lower price than the seller's minimum price, the seller will receive a notification of your offer and can accept it until you withdraw it or the close of trading (18:00).
In the event of a trade being concluded, you will be notified by e-mail.
