While monitoring the responses to an open auction, the negotiation Monitor will indicate the rank of your responses. You can tell that a better response has been submitted if your bid's rank goes from "1" to a lower number, or from "Win" to "Lose". Also, you may receive an online message indicating that this negotiation has entered its last autoextension. This indicates that a new triggering bid has been received in the closing minutes of the negotiation. In either of these situations, you may wish to rebid on one or more lines of the negotiation.
Access the negotiation on which you wish to rebid/requote. Click the negotiation link to access the negotiation summary page.
On the negotiation summary page, click Create Quote/Bid.
On the Create Bid/Quote page, enter your new bid information and click Continue. If this negotiation is an auction, the buyer may have required that you submit a bid that is a certain amount or percentage lower than your last bid or the current best bid.
On the Review Quote/Bid page, check your response information. If correct, click Submit.