1. A method of transformation bidding in an electronic auction system, comprising: acquiring lot data including tooling information for a lot, wherein the tooling information comprises information associated with one or more tools needed to supply at least one component of the lot, and wherein the tooling information comprises a time period required for implementing the one or more tools; receiving a bid from a bidder; and transforming, using a processor, the lot data and the bid into a true cost of procuring the lot from the bidder.