Description
IPL Auction is a team event where a panel of 4 to 6 participants must build a squad of 18 to 20 players through a combination of retentions and bidding for their allotted IPL franchise.
Rules and Regulations
Participant Registration: Students interested in participating in the auction must register beforehand to be eligible to bid or be auctioned.Item/Service Listings: The items or services up for auction should be clearly listed with descriptions and starting bid prices.Auctioneer: An impartial auctioneer should be appointed to conduct the auction proceedings and manage the bidding process.Bid Increments: Minimum bid increments should be established to ensure fair and gradual bidding increases.Bidding Process: Bidding can be done openly, with participants raising their bid amounts verbally or by raising paddles, or it can be done anonymously through written bids.Winning Bidder Obligations: The winning bidder of each item or service should be required to fulfill their obligation by paying the agreed-upon amount or providing the service as promised.Payment and Collection: Payment arrangements should be made clear, specifying deadlines for payment and procedures for collecting the auctioned items or services.Bidder Eligibility: Only registered participants should be allowed to bid in the auction, and any disputes regarding eligibility should be resolved by event organizers.Transparency: The auction process should be transparent, with all bids and final sale prices publicly recorded and announced.Rules Enforcement: Event organizers should enforce the rules consistently throughout the auction to ensure fairness for all participants.Event Incharge
Vighnesh - +919677742595
