We need a full working Penny Auction site or Swoopo clone. The script must be tested and 100% bug free. I will require installation, hosting (US only) and testing. A full working demo is needed for me to test before I make my payment.
We need functions utilized on Swoopo auction platform that includes everything from the bidding process, to registration, buying bids, autobidder, referrals and newsletters etc.

Functionality

-User registration and account verification. (CAPTCHA)
-Buying bid packages.
-Bidding in the telebid format. Paying per bid and increasing the price by a set amount.
-Increasing the time by 10-second increments every time a bid is placed. (can change according to my time using the CMS).
-General pages such as terms and conditions and a help section which i can edit. Add my own pages too.
-The ability for members to login and update their account, purchase more bids and pay for the auctions they have won.
-Paypal as the default payment gateway. Other gateways are needed too.
-Fixed-price auctions and variable-priced auctions are also available.
-The ability to give users free bids.
-The ability for users to get free bids for registering, for winning their first auction and for buying bid packages for the first time.
-The ability to add, edit and delete articles for the latest news page.

Content Management System (CMS) Platform is accompanied fully featured Cactus 3.8 CMS Server. The basis is that CMS should give me the facilites to be able to add new pages, edit text,
upload pictures and adjust prices etc without the need for any knowledge of HTML.

-Add, edit, delete and clone auctions.
-Use macros to start, stop and publish auctions
-Refund bids.
-View the winning bidder and update the status of the auction – e.g. pending, running, ended and completed.
-View, edit, add, delete and suspend users.
-View user's bidding history and purchased bid packages; give the user free bids and refund bids to the user.
-Manage the website content such as the terms & conditions and help page content.
-View referrals from users.
-Set the bidding packages.
-Update the latest news articles and add new articles.
-Manage the website categories; add, edit and delete new categories, unlimited levels possible.
-Edit general website settings including turning on and off various features at a click of a button.


Payment system

-PayPal
- any other suggestions would be helpful

Extension and plugins

-An automatic bidding system –users can 'book their bids'.
-Variable timing interval
-Semiautomatic invoicing-payment system
-Refer your friends section. Members get free bids by referring friends.
-Automatic cashback solution for first three places
-Bonus auctions - auctions what will open another winning object after predefined bid level is reached
-Newsletter system

Technical background

HTML, CSS, PHP, MySQL, AJAX, JavaScript, Flash, Flex