As we’re always working to improve the job board experience, we’re testing a new option for you to work with Xometry: Auction Offers.
What are auction offers?
As part of our effort to improve our pricing engine, a small number of high-priority jobs may show up on your job board as auction offers. These jobs will appear at the top of your job board with the title “Auction Offer”. To take an auction offer job, you must enter a bid with the price you would like to be paid for completing the job.
How do I place a bid?
When you click “Show Details” you will see a text box to enter your best bid. Type in a competitive bid, and click “Place Bid” to submit.
What happens when I place a bid?
When you place a bid, you are confirming that if you win, you commit to make each part in the job to spec and ship the part(s) by the specified due date. Once the auction ends, we will notify you if you have won the job.
Can I change or withdraw my bid?
Auction offers have an “Offer Expires” time - that is how long you have to place, change, or withdraw your bid before the auction closes. You can bid on your own time, without having to check in every few hours during your day. The auction allows you to set it and forget it.
How do I know if I won a job?
We will notify you by email if you win or did not win the job. The email will have a purchase order attached with the job details so you can begin work to meet the deadline.
In your job board, you will receive a notification in the Messages tab. The job will also automatically be moved to your Current Jobs page.
What if I bid the same price as someone else?
If two identical bids are placed, our system will select one bid through various pre-set factors. We will notify all bidders whether they won or did not win the job, the same as for any other bid. Only one machine shop can win a job.
Why might I receive a higher price than what I originally bid?
To encourage thoughtful bids, the lowest bidder will be awarded the job, but at the second lowest bid. This is because we will be using a Vickrey, or second-price, auction system. For example, if Shop A bids $100 and Shop B bids $110, Shop A wins the job and gets paid $110 for it. You will only ever be paid more than what you bid, never less.
What happens once I win a job?
The job is yours as any traditionally taken job from our job board would be. You are now responsible for making each part in the job to spec and shipping the part(s) by the specified due date.
What is the benefit for me?
The Auctions feature is intended to give you more flexibility when choosing work with us, by expanding your options. It’s designed to help you consistently find the best fit for your capabilities.
Does my Partner Success Score affect auction offer jobs or my bids?
No. We will not factor in your score when awarding jobs, selecting winners, or placing auction offers on your job board.
Will Xometry replace its current job board with auctions?
No. We will not replace our current way of sending jobs to partners. We are testing auctions as a way to improve our pricing engine and as a potential additional way for partners to take jobs from Xometry.
Where can I leave feedback on auctions?
As auctions go live, we want to hear your thoughts. Please send us your feedback at any time by contacting [email protected] or calling 240-252-1138.
See if you have new Auction Offers on your job board today.