The document describes an e-auction project. The objectives are to provide an easy and effective way for bidders to turn money into assets by bidding online without needing to be physically present. It will simulate an actual e-auction site. The project requirements include using .NET framework, IIS, SQL Server, and allowing admins to update products and categories, register users, declare winners, and delete sold items while users can view products, register, and bid on items of interest.