Website & Software Disclaimer

The information, software features, and bidding services provided by Bid Auctioneers (on www.bidauctioneers.com) are provided on an "as-is" and "as-available" basis. Please read these disclaimers carefully before hosting or participating in any auction events.

1. Technology Intermediary Status (Section 79 IT Act 2000)

Bid Auctioneers operates strictly as a digital technology provider and B2B SaaS platform. We are not an auction house, certified appraisal agency, broker, merchant, or legal representative of any buyer or seller utilizing our infrastructure:

• We do not take physical custody or legal title to any assets, scrap materials, or goods offered during Forward Auctions.
• We do not manufacture, inspect, warrant, or deliver any materials procured through Reverse Auctions.
• All commercial contracts, purchase orders, warranties, tax obligations (GST/TDS), and physical deliveries are established strictly between the organizing Host enterprise and the winning bidder.

2. No Guarantee of Commercial Pricing or ROI Savings

Any commercial case studies, potential savings benchmarks (e.g. "12% to 22% procurement reduction"), or recovery metrics illustrated on our website, calculators, or marketing materials reflect historical performance across enterprise clients and do not constitute a binding guarantee of financial results:

• Procurement savings in Reverse Auctions depend entirely on market supply conditions, raw material commodity fluctuations, competitive supplier participation, and clear technical specifications.
• Price realization in Forward Auctions is dictated by prevailing market demand, geographic location of assets, salvage scrap valuations, and bidder turn-out.
• Bid Auctioneers makes no representation that every auction will conclude with acceptable bids or that reserve valuations will be achieved.

3. Client Internet Bandwidth & Latency Disclaimers

Electronic auctions rely upon high-speed packet transmission over decentralized internet routes. Bid Auctioneers implements enterprise cloud infrastructure with sub-second synchronization; however:

• We cannot be held responsible for bids delayed, unsubmitted, or rejected due to client-side internet degradation, Wi-Fi packet drops, local ISP latency, browser cache conflicts, or hardware unresponsiveness.
• Participants are strongly urged to place bids well before the countdown clock reaches zero and not rely on last-second bid submissions ("sniping"), as local network latency can prevent a bid from reaching our servers prior to lot expiration.
• The official server clock displayed on the platform represents the sole authoritative time standard.

4. "As-Is-Where-Is" Asset Condition & Physical Inspection

In all Forward Auctions (including plant machinery, ferrous/non-ferrous scrap, obsolete inventory, and salvage vehicles):

5. Third-Party ERP & API Integration Disclaimers

When clients utilize our REST APIs or webhooks to synchronize auction data with third-party Enterprise Resource Planning (ERP) systems (such as SAP ECC, SAP S/4HANA, Oracle Fusion, Microsoft Dynamics, Tally):

• Bid Auctioneers is not liable for data transmission anomalies caused by client firewall policies, rate-limiting on client endpoints, or third-party schema mismatches.
• The integrity of vendor master data imported into Bid Auctioneers remains the operational responsibility of the enterprise administrator.

6. Information Accuracy & Platform Evolution

While we endeavor to keep all platform documentation, architectural schematics, and feature explanations current and accurate, Bid Auctioneers does not warrant that all specifications or technical whitepapers are error-free. We reserve the right to modify platform configurations, algorithms, user interfaces, and pricing structures at any time without prior individual notice.

7. Scheduled Maintenance & Force Majeure

Bid Auctioneers conducts periodic maintenance upgrades to safeguard platform stability. Whenever feasible, maintenance windows are scheduled during non-business hours (e.g., weekends or late nights). Bid Auctioneers will not be liable for event postponements necessitated by emergency security patches, cloud provider upstream disruptions, fiber cuts, civil unrest, or statutory internet shutdowns beyond our reasonable control.

8. Limitation of Liability

To the maximum extent permitted by applicable Indian law:

• Under no circumstances shall Bid Auctioneers, its directors, officers, engineers, or affiliates be liable for any indirect, incidental, consequential, punitive, or special damages (including loss of business profits, lost procurement savings, bid loss, or business interruption).
• The total aggregate liability of Bid Auctioneers for any claim arising out of the software services, whether in contract, tort (including negligence), or otherwise, shall be strictly capped at the actual software platform fee received by Bid Auctioneers for that specific auction event.