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AUCTIONS & COMPETITIVE BIDDING

OverviewEngagementsLatest InsightsRecent Events Overview
Overview Engagements Latest Insights Recent Events

When planned and executed appropriately, auctions and other competitive market
mechanisms can achieve important objectives in selling or acquiring products,
assets, resources, rights, and obligations. However, expertise, experience, and
reputation are needed to ensure success. Since 1995, CRA has designed,
conducted, and monitored high-stakes auctions and other competitive transaction
mechanisms in many industries and in more than a dozen countries. Our
consultants also have helped clients participate successfully in other auctions.

Whether you want to maximize the value of your assets, minimize your procurement
costs, or achieve other objectives, you’ll find the expertise, experience,
reputation, and support you need at CRA.

Click here for a list of upcoming trading events.


OUR FOCUS AREAS

Expand All
Design of bidding mechanisms

CRA develops auctions and other market designs that are tailored to our client’s
situation.

 * Confirm your objectives and desired outcomes
 * Design the items, products, assets, and contracts you want to sell or
   purchase
 * Assess likely bidders and their characteristics
 * Design an optimal bidding mechanism based on proven theoretical foundations
   and practical experience with real markets and transactions – the “science”
   and “art” of successful bidding designs
 * Formalize clear, comprehensive rules that will describe the bidding process,
   encourage competitive participation, and prevent gaming

Implementation of bidding processes

CRA has implemented and managed hundreds of successful trading events with
transaction values ranging from hundreds of thousands to billions of dollars.

CRA develops detailed implementation plans that include tasks, responsibilities,
and the timeline. Depending on your needs, we can assume responsibility for
document preparation, marketing and promotion, communications protocols,
stakeholder consultations, information websites, bidder information sessions,
data rooms, bidder registration and qualification, customized trading platform
software such as our Auction Management System, demos, mock auctions, training,
and hosting services for auctions and other trading events. We conduct trading
events in several languages.

Auction and market monitoring

CRA provides independent analysis and monitoring of auctions and market
mechanisms.

We facilitate the entire process, improving the design and implementation of the
market mechanism to ensure that it is conducted in accordance with your
expectations and requirements. We can be involved from the initial stages
through conclusion and provide a final report that includes an assessment of the
process and the outcome as well as recommendations for improvements.

Bidder support and strategy

CRA provides auction and market participants with strategic advice and other
valuable support services prior to and during the auction process.

Depending on specific needs, we prepare participants for bidding processes
through some or all of the following:

 * Analyzing bidding mechanisms and rules and providing comments to the
   auctioneer or market administrator in support of our client
 * Conducting financial analyses and valuation of the assets or products being
   offered
 * Presenting seminars on auction and game theory, bidding strategies, and their
   practical applications
 * Analyzing the specific market mechanism and rules and the implications and
   opportunities they provide
 * Assessing competitors, including their likely strategies
 * Assisting with the application and bidder qualification process
 * Providing a logistics and operations plan and the support needed to be an
   effective participant with the optimal resources
 * Assisting bidders in mock auctions and providing auction software training
 * Customizing bid-tracking software tools to facilitate interpretation of
   bidding data and bidding behavior
 * Providing advice on optimal bidding strategies and bids
 * Monitoring and analyzing competitors’ bids and behavior

Software and electronic trading platforms

CRA develops and customizes software applications, systems, trading platforms,
and tools used to manage auctions and trading events and to support bidders and
other participants.

Auction and trading platforms: CRA’s auction and trading platforms comprise
public information websites and secure administration, bidding, and monitoring
websites that facilitate a complete, multi-lingual, integrated solution for our
clients.

Site hosting: CRA has hosted hundreds of auctions and trading events for various
industries. Our trading events use a dedicated facility and resources, including
secure IT, network, and telecommunications systems, and they support hundreds of
bidders per event simultaneously in numerous time zones. We also provide a
multilingual help desk.

Bid Tracking Tool (BTT): Bidders use CRA’s BTT software to collect, analyze, and
interpret real-time auction data. The BTT facilitates analysis of other bidders’
actions to optimize the client’s bidding strategy. The BTT can be used through a
web browser or a desktop application.

Regulatory and litigation support

CRA delivers expert regulatory and litigation services in disputes and other
matters involving auction and other bidding mechanisms.

 * Expert witness and other litigation support
 * Analysis of bidding mechanism design
 * Analysis of bidding rules and procedures
 * Analysis of bids
 * Assessment of bidding competition
 * Assessment of the conduct of the overall process
 * Data analysis

$26+ billion transacted since 2008


GLOBALDAIRYTRADE SALES MILESTONE

Since 2008, more than US$ 26 billion have been transacted on Global Dairy Trade,
the internet-based trading platform CRA designed for internationally-traded
commodity dairy products. As Independent Trading Manager, CRA manages the
twice-monthly multi-seller, multi-buyer auctions with participation from around
the world.

 

Read more



ENGAGEMENTS

 * 01
   Preparing FCC incentive auction participants
   CRA has developed auction simulation software tools that can be used by TV
   broadcasters participating in the Federal Communications Commission’s
   incentive...
   View engagement
 * 02
   Cranberry products trading platform
   Challenge: Ocean Spray Cranberries, Inc. needed improved price transparency,
   forward price information, and enhanced price risk management...
   View engagement
 * 03
   Independent forecast during power plant sale
   During the sales process for a combined cycle power plant, CRA served as
   market consultant. Our experts prepared an independent forecast of gross
   margins for...
   View engagement

See More Auctions & Competitive Bidding Engagements


CONTACT AN AUCTIONS & COMPETITIVE BIDDING EXPERT.

See all Auctions & Competitive Bidding experts


LATEST INSIGHTS

 *  * Management Consulting
    * CRA Insights
   
   
   THE ECONOMICS OF 5G DEPLOYMENT IN THE “RACE” TO 5G: WHY DO 5G SPECTRUM
   AUCTIONS TAKE SO LONG TO COMPLETE?
   
   When auctioning off spectrum licenses, the Federal Communications Commission
   (FCC) typically uses a multiple-round auction format, and multiple-round
   auctions...

 *  * Auctions & Competitive Bidding
    * Articles
   
   
   AUCTION DESIGN COULD STREAMLINE TIKTOK'S US ASSET SALE
   
   In August, President Donald Trump signed an executive order mandating that
   TikTok either: (1) sell its U.S. operations and transfer TikTok’s American
   user data...

See All Auctions & Competitive Bidding Insights


RECENT EVENTS

 *  * Energy & Renewables Arbitration
    * CRA Webinar
   
    * June 29, 2021
    * Virtual
   
   
   THE FUTURE OF DATA ANALYTICS FOR THE ENERGY INDUSTRY
   
   Panelists Derya Eryilmaz, Ph.D., Zachary Gerson, Mary Stefanidakis and Wanyun
   Zhong, Ph.D., moderated by Margarita Patria, Ph.D., used their experience
   in...

See All Auctions & Competitive Bidding Events


RELATED CAPABILITIES

 * Communications & Media
   
 * Energy
   
 * Healthcare
   
 * Intellectual Property
   


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CRA International, Inc. ®

Charles River Associates ®


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