Bid & Auction

Businesses are organized into communities, (using SIC identification), linking existing and emerging business communities into seamless networks of local, regional, national, and international businesses. This network will improve business opportunities while strengthening participating communities by increasing local multipliers and generating revenues for community non profit organizations. View Presentation

One of the major factors causing economic deterioration within cities today is that little of the local consumer spending continues to circulate within the community. The damage can be reversed and this trend redirected through the use of a system of linked business-to-business sites that act to improve local business communications, while insuring that markets remain efficient with competitive pricing.

Local Heroes offers local and regional suppliers an advantage over national and international suppliers in a local market by allowing these companies, if they desire, to revise their bid once the first round bidding is complete. This insures competitive prices to the buyer but offers local suppliers the option of meeting the low bid if they can. At the same time local companies will be able to bid on projects outside their normal business areas on a near equal footing with local companies in these areas. This increases the exchange between small and medium sized companies located in geographically distant areas of the country or anywhere in the world.

Community alliances are currently focusing on building networks locally. Initially, the service will be marketed to these organizations such as: Local Business Alliances, Chambers of Commerce, Rotary Clubs, civic-minded organizations, local governments, or directly to individual companies (for nodes set up in key cities and towns by the company). These organizations already have existing networks of companies, and have an interest too in promoting local business through relationship building. We expect these organizations to publicize this new service both to members and to non-members.

The separation between buyers and sellers requires some standardization of company ratings. Company's qualification formats include references to professional accreditations including information on prior customers, special bonding, financial health, incorporation status, as well as financial statements. Registration requires listing of references to prior customers allowing buyers to follow-up if need be to assure quality standards are met. In addition, Local Heroes will establish a system of ratings based customer evaluations similar to the E-bay model. The follow-up for all completed transactions between buyers and sellers includes detailed feedback forms sent to buyers requesting that they rate the quality of the work. Ratings are made available to future buyers prior to accepting bids.

An Organic Model Utilizing Linked Networks of Business Alliances and Community Organizations

Community alliances are currently focusing on building networks locally. Initially, the service will be marketed to these organizations such as: Local Business Alliances, Chambers of Commerce, Rotary Clubs, civic-minded organizations, local governments, or directly to individual companies (for nodes set up in key cities and towns by the company). These organizations already have existing networks of companies, and have an interest too in promoting local business through relationship building. We expect these organizations to publicize this new service both to members and to non-members.