How to Participate in Counter Bidding

How to Participate in Counter Bidding 

In PRM360 a counterbid is a response to an offer or bid that is more favourable for one party than a previously submitted bid. A bid is an offer from a buyer to buy an asset from a participating supplier. During the negotiation process, it is not uncommon for each side to issue multiple counterbids.

Easy steps to Participate in Counter Bidding in PRM360. In this support article, we are using Req Number: PRM5284 Title: SA-RFQ  to show you the steps. You would have a different Req Number and Title.

Participating Supplier Step 1: LogIn to PRM360 ->Left Navigation Panel -> Leads -> Locate the Lead Req Number: PRM5284 Title: SA-RFQ -> Click Title SA-RFQ and you will have the Negotiation Page Open on the screen (look at the image with the red highlighted box).   

• When you receive a new counter from the buyer you will see a message, "A new counter prices has been offered".
• The History of all the counter bids will be visible and available  

Participating Supplier Step 2: The Target Price (offer price from the buyer) will be visible under REV UNIT PRICE. You may counter the Target Price by entering the new price in the Pink Box. Push Submit. Confirm the message and push OK.

Participating Supplier Step 3: Confirm the message on the screen, Push OK.

Participating Supplier Step 4: When you want to offer the Final Price and do not wish to participate further in the Counter Bid. Push FINAL PRICE and confirm. Enter the Final Price in Pink Box under REV UNIT PRICE and Push SUBMIT and confirm   

Participating Supplier Step 5: Now wait for the buyer communication, as you will not be able to quote further as YOUR FINAL PRICES SUBMITTED TO  CUSTOMER (look at the image with the red highlighted box).  

Still have any questions please contact at support@prm360.com or call +917877360360