{"id":111860,"date":"2025-04-04T08:00:00","date_gmt":"2025-04-04T08:00:00","guid":{"rendered":"https:\/\/aws.zycus.com\/glossary\/stgblog1\/what-is-backward-auction"},"modified":"2026-02-10T19:44:06","modified_gmt":"2026-02-10T19:44:06","slug":"what-is-backward-auction","status":"publish","type":"post","link":"https:\/\/staging.zycus.com\/glossary\/what-is-backward-auction","title":{"rendered":"Backward Auction"},"content":{"rendered":"<p>A Backward Auction, also known as a reverse auction, is a type of auction where the roles of buyer and seller are inverted. In this auction format, sellers compete to offer goods or services at the lowest price, bidding decreases over time rather than increasing. This auction type is typically used by buyers to procure goods or services at competitive prices, maximizing cost savings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Backward Auction, also known as a reverse auction, is a type of auction where the roles of buyer and seller are inverted. In this auction format, sellers compete to offer goods or services at the lowest price, bidding decreases over time rather than increasing. This auction type is typically used by buyers to procure [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[3],"tags":[],"class_list":["post-111860","post","type-post","status-publish","format-standard","hentry","category-glossary"],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.zycus.com\/glossary\/wp-json\/wp\/v2\/posts\/111860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.zycus.com\/glossary\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.zycus.com\/glossary\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.zycus.com\/glossary\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.zycus.com\/glossary\/wp-json\/wp\/v2\/comments?post=111860"}],"version-history":[{"count":3,"href":"https:\/\/staging.zycus.com\/glossary\/wp-json\/wp\/v2\/posts\/111860\/revisions"}],"predecessor-version":[{"id":113724,"href":"https:\/\/staging.zycus.com\/glossary\/wp-json\/wp\/v2\/posts\/111860\/revisions\/113724"}],"wp:attachment":[{"href":"https:\/\/staging.zycus.com\/glossary\/wp-json\/wp\/v2\/media?parent=111860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.zycus.com\/glossary\/wp-json\/wp\/v2\/categories?post=111860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.zycus.com\/glossary\/wp-json\/wp\/v2\/tags?post=111860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}