JPJeBid on-line automobile quantity plate bidding system detailed – pilot venture begins with FC collection plate

The federal government has rolled out the brand new digital automobile quantity plate bidding system it mentioned could be launched this yr, albeit three months later than that proposed by the transport ministry. The street transport division (JPJ) started the web automobile registration quantity bidding system (JPJeBid) in pilot venture type on April 15, kicking issues off with the FC plate collection. Because it progresses, the JPJeBid system is anticipated to broaden its scope to different collection plates, although there isn't any point out of when this can occur and if it's going to stay just for use with particular plates. Because it stands, the bidding course of for the FC plate ends on April 19. A fast verify reveals that the system is run beneath the scope of the division’s present MySIKAP on-line transaction system, the characteristic being listed beneath the registration quantity administration menu. In keeping with the division, obtainable parts in JPJeBid embrace promoting, registration, bidding, fee in addition to software and account processes. These processes should be carried out by bidders however will probably be regulated by the JPJ. The system is open to each firms and public who want to tender for particular quantity plates. Registration on the MySIKAP portal is a necessity, and people might want to furnish particulars in addition to present a replica of their identification card for registration functions. Corporations and companies should present copies of the enterprise registration certificates and licence, amongst different issues, and people not at the moment on MySIKAP might want to register at JPJ state places of work or branches. As soon as the registration has been permitted, customers will have the ability to utilise the e-bidding system via a pc or through a cellular machine. There’s a RM10 service cost for every registration quantity bidder, which won't be refunded, being thought-about income for the federal government. Every automobile quantity requires a minimal fee, with 4 basic classes for numbers – common (or operating), well-liked (double-digit, sure triple-digit numbers), attention-grabbing (matching digits) and first worth (single-digit numbers), with bids beginning at a minimal value of RM300, RM800, RM3,000 and RM20,000 respectively. No deposit is required, however every bidder’s first bid quantity should equal or exceed the minimal value set in every class. The minimal bid improve is 5% of the minimal value quantity by class, with no restrict for optimum improve. On this case, the minimal bid improve for a main worth quantity is RM1,000, and RM150, RM40 and RM15 for attention-grabbing, well-liked and common numbers respectively, and these sums stay fixed at the least bid improve every time a bid is revised upwards. There isn't a restrict to a bid, however bidders won't be allowed to withdraw their bids in the course of the bidding interval. Bidders can solely make funds by locally-issued bank cards, with the usage of multiple card permissible for the bid. If a bid is profitable, the quantity will probably be deducted instantly from the bank card. Unsuccessful bids will see the cancellation of the transaction and the quantity credited again to the bank card, with no expenses utilized. The JPJ says that every particular person is eligible to efficiently bid for a most of three automobile numbers, whereas companies and corporations will probably be restricted to 5 automobile numbers per collection. Bid winners have a interval of 12 months to hold out the automobile registration from the date of the letter of supply given by the division, following which the supply letter will expire and be thought-about invalid. No extensions – or refunds – will probably be offered. These not eager to take up the quantity will even not get refunds, so if you happen to don’t use it, you lose it, each quantity and the cash spent. Lastly, people will probably be allowed to switch the efficiently bid quantity to a member of the rapid household, however this can entail offering related supporting paperwork (beginning certificates, marriage certificates and so forth). Corporations, nonetheless, won't be able to switch a quantity earlier than it's registered to a automobile. What are your ideas on the brand new JPJeBid system? Does it maintain promise of improved transparency within the bidding course of, and do you assume it must be expanded to include common plate collection? Share your opinion within the feedback part. The publish JPJeBid on-line automobile quantity plate bidding system detailed – pilot venture begins with FC collection plate appeared first on Paul Tan's Automotive Information.