Quote:
Originally Posted by irv
Things that make you go, Mmm. 
Nothing to see here, it is well under their 25 bid retraction limit if you have never done business with them before.  |
Quote:
Originally Posted by Brent Huigens View Post[/list]As pointed out by many of you, 25 is indeed a very high number of bid retractions to be considered reasonable in a six-month period. It stands to reason that any bidder who is bidding with discipline and control should have very few justifiable retractions. Brent and I put great consideration on how we would roll out this process. Truly, if we placed the threshold at something lower like 10 or 5, we feared it would be too much of a drastic change. Ultimately, our goal is not to punish bidders, but rather to inform users of the rules as we believe in due time bid retractions will diminish.
We are starting with 25 as the threshold to help get the word out. Starting in Q1 2017 it will be reduced to 10, and later in 2017 it may be reduced to 5.
