Page 25 - One report AUCT2024_Eng

Part 1
Business Operation and Operating Results
able to carry out the bidding in multiple frequency bands at the same time (at least 4 different frequency bands), be able to support the bidding rules of the NBTC, and be able to support the control of the frequency range required by the bidder who won the bidding under the regulations of the selection of a frequency ceiling in each frequency band specified by the Office of the NBTC.
Auction System with a Mobile Application for the State Railway of Thailand
The Company developed a bidding system with a mobile application for the auction of discontinued items, amortized items and damaged items under the possession of the State Railway of Thailand. The Company developed an auction system with a mobile application under the auctioning and competitive bidding regulations of the State Railway of Thailand. The State Railway of Thailand aims to auction items that are damaged, discontinued, and become a storage burden so that they are in accordance with the rules and regulations of the Ministry of Finance regarding the procurement and management of government supplies in 2017. The competitive bidding will be processed through a mobile application. The system will show the bidders’ number and the bid price each time. Bidders will know the results during the competitive bidding and when the auctioneer announces the number of the winning bidder. Bidders do not need to identify themselves which allows bidders to compete and make bids without any pressure. This also increases transparency in bidding and prevents price collusion.
Auction Related Services
1) Vehicle Transfer Services
The Company renders services for moving vehicles before auction. Most of the time the Company will collect vehicle transfer service fees from the winning bidder. Vehicle transfer service fees are declared in the auction property list before bidders attend the auction. Vehicle transfer service fees are based on the cost of transferring vehicles that the Company has paid for/or for wages of workers that move vehicles from the point that the Company receives the vehicle from sellers to the auction site. The Company will use these costs to calculate the average vehicle transfer fee for each vehicle.
The Company has the after-auction vehicle moving service to facilitate the customers who win the auction and this service can be provided throughout the country.
2) Price Estimate Services
The Company offered price estimate services for both property and assets but charges a service fee for items that are not auctioned through the Company.
บริษัท สหการประมูล จากัด (มหาชน)
25
Union Auction Public Company Limited