Hi Reshma - Forward Auctions similar to reverse auctions are very dependent on the categories you are trying to auction off, quantity, participant region and the market (buyers in this case).. Without understanding this it would be hard to provide feedback.
For example the contracting considerations for real estate forward auctions has been clearly explained in the following thread:
For scrap metals forward auction tips you can refer to the following: http://exchange.ariba.com/message/2864#2864
Once you provide this information, we can get back to you.
We are trying to auction mobile handsets, about 20,000, in the UK region. Bidders are also from the UK region.