Understanding CP messages

Lew Worthington
Lew Worthington Member Posts: 1,667 ✭✭✭
edited November 2024 in English Forum

Undecided about the Encyclopaedia of Religion and Ethics on Community Pricing, I put a bid in lower than the current succeeding price of $30. As a result, the message on the chart reads, "Your bid will not succeed". However, when I check other CP items that are not as close to closing on which I'm currently underbidding, the message is a more kindly "Your bid may fail". Is this difference because a termination date has already been set for the former? Surely this first message does not preclude the possibility of enough bids coming in to make my bid ($28) successful, does it (thus rendering such harsh words false Smile)?

Comments

  • Deacon Steve
    Deacon Steve Member Posts: 1,608 ✭✭✭

    Lew Worthington said:

    Is this difference because a termination date has already been set for the former?

    Basically, yes. 

    It has to do with whether they have gone over the top (met production costs) and are on the path to close bidding.  If you bid lower on those items you get the "not succeed" message.

    Other CP items which have more bids to secure before going over the top have no close date and could potentially go down.  However, the suggested bid is provided as a guide and the "may fail" message is displayed.

    It a function of whether the CP item is on track to close with a set deadline, or a CP item still in the process that has not received enough bids to cover production costs.  Until production costs are met, the bidding will stay open.

    Lew Worthington said:

    Surely this first message does not preclude the possibility of enough bids coming in to make my bid ($28) successful, does it

    Well .. it's down to the finish line and the risk that a low bid will fail is high (almost certain).

    If you want to have this resource to review, as mentioned in the other thread, you need to raise your bid to $30.

  • Lew Worthington
    Lew Worthington Member Posts: 1,667 ✭✭✭
    https://community.logos.com/discussion/comment/721386#Comment_721386

    I should have been more specific about my question since I'm quite familiar with how CP works. It was the "warning" message -- and the fact that there are two different ones for low bids -- that I just thought odd. But I think you hit the nail on the head and I appreciate your response.

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