Bid to win

Event Id : 371

Event Name : Bid to win

Event Brief :

Bid to Win This event is an engaging and competitive bidding-based management game designed to test participants’ understanding of market pricing, strategic decision-making, and financial planning. The event is conducted in two rounds. In the Preliminary Paper Bidding Round, teams estimate the market prices of various products based on given descriptions, with accuracy determining qualification for the final round. The Final Live Bidding Round challenges shortlisted teams to bid in real time using virtual currency, requiring smart budgeting and strategic thinking to win products without exceeding their actual prices. The team that achieves the highest total value through product ownership and remaining virtual money is declared the winner, making the event a practical simulation of real-world market behavior and managerial skills.

Event Coordinator :

Dr. Amarin Amareliya
Ms. Chandrika Gohel

Student Coordinator :

1. Kashish Shadija
2. Tamanna Verma
3. Priyankaba Jadeja
4. Riya Bhalsod
5. Aryan Suthar
6. Vivek Kumar Srivastava
7. Anant Gohel
8. Apurva Gohel 
9. Yashvi Oza
10. Anjali Kriplani 

Event Date and Time :

5th February 2026 (Second Day of Fest)
Elimination Round (9:30 to 11:30)
Final Round (2:00 to 4:30)

Location :

Elimination Round: SB508, SB509 and SB510
Final Round: FDP Room, Tagore Building. 

Rules / Guidelines / Judging Criteria For Bid to win

- Judging Criteria :

Judging Criteria – Round 1: Preliminary Paper Bidding Round

  • Accuracy of bid price compared to actual MRP
  • Lower total bidding difference (|MRP – Bid Price|)
  • Consistency in placing realistic bids across all products
  • Number of individual closest bids to MRP
  • Understanding of market value and product pricing
  • Clear and legible bidding entries
  • Completion within the allotted time
  • Strict adherence to rules (no mobile phones, internet, or external help)

Judging Criteria – Round 2: Final LiveBidding Round

  • Effectiveness of bidding strategy
  • Ability to manage virtual currency efficiently
  • Accuracy of live bids (closest to MRP without exceeding it)
  • Number of products successfully won
  • Value of products won relative to money spent
  • Adaptability to competitors’ bidding behavior
  • Decision-making under time pressure
  • Remaining virtual currency at the end of the round
  • Total final score (product value remaining virtual money)
  • Compliance with bidding rules and fair play

Tie-Breaking Criteria

  • Higher number of products won
  • Higher remaining virtual currency
  • Higher total value of products won
  • Highest single-value product acquired

 


- Entry Rules & Guidelines :

General Rules (Applicable to All Rounds)

  • Each team must consist of the prescribed number of participants (2 members in the group).
  • All participants must report at the venue at least 15 minutes before the event starts.
  • Teams must carry valid college identity cards.
  • Use of mobile phones, smart watches, calculators, or any electronic gadgets is strictly prohibited during the event.
  • Participants must maintain discipline and sportsmanship throughout the event.
  • Any form of malpractice or unfair means will lead to immediate disqualification.
  • Judges’ decisions will be final and binding in all matters.
  • The organizing committee reserves the right to modify rules if necessary.

Round 1 Rules: Preliminary Paper BiddingRound

  • Each team will be provided with a bidding sheet containing pictures and brief descriptions of 20 products.
  • Teams must write their estimated bid price (in ₹) for each product.
  • All bids must be written clearly and without overwriting.
  • A fixed time limit will be given to complete the bidding sheet.
  • No discussion with other teams is allowed during the round.
  • No external references or assistance are permitted.
  • Bids once submitted cannot be changed.
  • Scores will be calculated based on the absolute difference between MRP and bid price.
  • Top 7 teams with the lowest total difference will qualify for the final round.
  • In case of a tie, the team with more individual closest bids will be shortlisted.

Round 2 Rules: Final Live Bidding Round

  • Only the 7 shortlisted teams will participate in this round.
  • Each team will be allotted an equal amount of virtual currency at the beginning of the round.
  • Products will be displayed physically, one at a time.
  • Live bidding will be conducted under the supervision of judges.
  • Teams must place bids using their virtual currency only.
  • The bid closest to the MRP without exceeding it will win the product.
  • Any bid exceeding the MRP will be disqualified for that product.
  • Once a team’s virtual currency is exhausted, they cannot place further bids.
  • The round will be conducted in three slams:
    • Slam 1: 5 teams compete → 2 team eliminated
    • Slam 2: 4 teams compete → 2 team eliminated
    • Slam 3: Final 3 teams compete for remaining products
  • Eliminated teams will not be allowed to bid further.

Winner Declaration Rules

  • The final winner will be decided based on:
    • Total value of products won
    • Plus remaining virtual currency
  • In case of a tie:
    • Team with the highest number of products won will be declared the winner.
  • Judges’ evaluation and scoring will be final.

Winners

One Winner 
Two Runner up 

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