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Account Managers
Managers input auction details: assets, participants, rounds, and bidding intervals.
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Participants
Managers assign bidding points to participants for asset allocation. Participants may also help add items to the auction with manager approval.
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Bidding
Bidding 0 points on an asset indicates an minor interest and willingness to be awarded that asset. Bidding a large percentage of a participants points to a single asset indicates a very strong interest in receiving that asset.
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Bidding Conclusion
A winning bid percentage allows items without a winning bid to advance to the next round for further bidding. Winners have their winning bid points deducted from their total.
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Auction Conclusion
Refunded points for unawarded items initiate successive rounds of bidding and awarding until all assets are distributed. Comprehensive report will detail the awarded assets at the conclusion of the Asset Division.