BidWVauction Frequently Asked Questions

1. Who determines whether bidders are eligible to bid in BidWVauction?
The Board of Treasury Investments approves all BidWVauction bidders.

2. Do bidders need special software or equipment to use BidWVauction?
No. The BidWVauction website can be accessed using any competent Internet service provider and any popular browser. Faster response is achieved with faster modems and faster Internet connections (e.g., ISDN lines, T-1's, T-3's, etc.).

3. Who can observe auctions while in progress?
BidWVauction will permit anyone with the specific consent of the Board of Treasury Investments to watch BidWVauction auctions in progress. An administrator observes auctions in progress for "trouble shooting" purposes. No one may observe an auction without the consent of the Board of Treasury Investments and special access privileges granted by the auction administrator.

4. Who can view auction results once an auction is over?
The BidWVauction Results Page showing auction results is accessible to any BidWVauction Registrant after an auction is over.

5. What are BidWVauction's security features?
No one can enter an auction without using their password and ID number. BidWVauction maintains a continuous and permanent record showing the time, identity and activity of everyone who "hits" the website. There is a back-up server available at all times which hosts a duplicate copy of the BidWVauction "code" and is capable of running all BidWVauction applications with relatively little set-up time.

6. What if a bidder has a computer or Internet problem during an auction?
Most technical problems are discovered when bidders practice in the trial auction (prior to the real auction), and are rectified shortly thereafter, usually with the assistance of Grant Street Group staff. Grant Street Group staff is available before, during and after the auction to answer technical questions. Usually we are able to help bidders solve their problems immediately.

7. How does BidWVauction communicate last minute changes in the Guidelines to users of the BidWVauction website?
BidWVauction will display the changes on the "Amendments Page" for the related auction. Whenever amendments are added, the date and time of the most recent change is prominently displayed on the website.

8. What is the purpose of the trial auction?
It is a bidding site identical to the real auction where prospective bidders can practice bidding and the Board of Treasury Investments can check that all bidding parameters are properly set.

9. Where can I find information about auctions completed to date?
You can see a list of auctions completed to date by clicking the "Results" button at the bottom of the BidWVauction "Home Page".

Go to: BidWVauction Home Page

Please direct questions and comments to Auction Administrator