Lähtöhinta

Lähtöhinta is a Finnish term that translates to "starting price" or "initial price." It is most commonly used in the context of auctions and tenders. In an auction, the lähtöhinta is the minimum price the seller is willing to accept for an item. Bids must exceed this starting price. If no bids meet or exceed the lähtöhinta, the item may not be sold. In tenders, the lähtöhinta represents the maximum amount a client is willing to pay for a service or product, or it can be a baseline price from which bidders can offer lower or higher prices depending on the tender's specific conditions.

The purpose of a lähtöhinta is to set a clear expectation for the value of the item or service being offered and to guide potential buyers or bidders. It helps to filter out offers that are significantly below the perceived market value or the seller's expectations. The lähtöhinta can be determined based on various factors, including the item's estimated value, market conditions, the seller's urgency, or the cost of providing the service. In some cases, especially in real estate auctions, the lähtöhinta might be set relatively low to encourage initial interest and potentially drive up the final price through competitive bidding. The precise definition and application of lähtöhinta can vary depending on the specific auction rules or tender documentation.