Terms directory

• B2B marketplace

  A business tool helping you carry out trading activities.

• One time offering

  You sell a batch of goods one-time and the offering goes into the archive.
  If you sell your products by pieces, the offering will go into the archive when the product balance in your warehouse runs out - in the case when Buyers add your product to transactions in parts, and not all at once.

• Permanent offering

  You produce a product that you sell or always have it in stock.
  Offerings with such a product go into the archive only if you delete them.

• Auction

  A public sale, which is carried out according to pre-established rules and based on the principle of competition between potential buyers.
  Participants bid openly against each other, each subsequent bid must be higher than the previous one.

• Minimum increment

  Auction bid increment is the interval of acceptable price offers received from bidders at incremental auctions.
  The minimum bid increment is set by the auction organizer.

• Minimum price

  The lowest price at which a product can be sold.

• Secure transaction

  Secure transactions are carried out on the BirdsBuild platform: payment is made on the website, reserved in the account and transferred to the Seller after the transaction documents are signed by both parties.

• Audit

  Checking the financial and economic activities of the company, carried out by the auditor on the basis of financial reports.

• Counterparty

  A participant of one of the parties to the agreement who has assumed certain obligations in relation to the other party.

• Moderation

  Monitoring the fulfillment of the marketplace requirements within the framework of the rules specified in the offer agreement.