"Seamless and Seasoned Expert Auction Implementation"

Optimal Auctions merges the diverse disciplines of economic consulting and software development. Optimal Auctions' team members are experts in Game and Auction Theory used to design expert auction rules, the latest software development techniques and technologies, and the proven management techniques required for multi-jurisdictional, multi-party, multi-discipline projects.

Expert auction projects can be long, complicated, and expensive and significant commitments by all parties are required. Specialized project management skills are necessary to ensure cross-functional cooperation among team members and to ensure dissemination of knowledge that enables projects to meet the timing and exacting quality objectives demanded by our clients. Communication is critical to ensuring that all of the stakeholders understand how the auction rules and the process will affect them. There are many different skill sets required to complete the design and implementation of a new market.

Committed project management is the only way to ensure that the project progresses smoothly. Optimal Auctions provides a dedicated project manager for each project.

Contract

Optimal Auctions can assist in the development of any contracts needed between the client and the bidders. Often the contract and the auction rules are developed simultaneously because of important links between them.

Additionally, Optimal Auctions has a number of standard agreements to implement with our clients and stakeholders.

Budget

Budgets must be created at the beginning of the project, tracked as the project evolves, and adhered to. Optimal Auctions can bill on a time and materials basis, a fixed budget, or a combination.