bid-form.com - 2026 Pricing, Features, Reviews & Alternatives

bid-form.com is a reverse auction platform that helps businesses streamline procurement by eliminating negotiation loops. The system enables sourcing and procurement teams to conduct reverse auctions in which vendors compete by lowering minimum acceptable prices until a single vendor remains. The solution addresses purchases of standardized goods with directly comparable vendor offerings and supports transparent data driven processes that maintain fairness for all participants.

The platform follows a three-step auction workflow that begins with an invitation link for vendors to submit minimum acceptable prices. The auction then proceeds with incremental price reductions in one cent increments until only one vendor remains. The workflow concludes with procurement at the final auction price. The platform incorporates security measures including two-hundred fifty-six-bit TLS encryption for bid data transfers and hosts all information on Amazon Web Services infrastructure.

It supports exclusion of fraudulent bids and enables bid editing prior to survey closure. The system provides visibility into auction resolutions and identifies competing bidders by email domain. It accommodates multi-user access per account, customizable survey setup and bid retention for up to ninety-two days after survey closure. Integration is facilitated through a vendor portal that allows bid management during active surveys. The underlying architecture handles up to one thousand bids per account while preserving competitive integrity by restricting minimum price visibility to the originating bidder.