Statutory Policies, Rules & Legal Vault

To ensure fair competition and eliminate unfair advantage caused by last-second internet bandwidth manipulation (bid sniping), the e-Auction platform enforces an automated dynamic extension system.

If a valid, higher bid is received within the final 5 minutes (300 seconds) of an active auction schedule, the closing timer shall instantly and automatically extend by exactly 5 minutes from the timestamp of the new bid.

Successive bids submitted during any extension period will continuously reset the remaining time to 5 minutes until a full 5-minute countdown elapses with zero competing bids.

The server clock synchronized with Bangladesh Standard Time (BST via NTP) is the sole legal authority for bid timestamp determination.

Any agreement, formal understanding, or concerted practice among bidders to fix prices, manipulate bidding increments, allocate lots, or orchestrate intentional non-bidding is strictly illegal and subject to criminal prosecution.

The platform deploys automated algorithmic surveillance monitoring simultaneous IP addresses, bank account linkages, and bidding patterns to detect collusive behavior.

If two or more bidders submit bids from identical IP subnets, shared hardware footprints, or linked bank accounts without prior authorized consortium disclosure, all associated bids shall be cancelled immediately.