Competitive Bid

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Competitive Bid

A sealed bid, given to an issuer by an underwriter, containing a prospective price and terms for a contract. At the close date of bidding, the issuer picks the best offer. U.S. Government agencies are usually required to use this process and award the contract to the least expensive option. This is also used for various other ventures, from IPOs to project finance.
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Therefore, the Florida statute restricting competitive bids for accounting services was unconstitutional.
Although this system can facilitate the submission of electronic bids, it is not designed to handle the last-minute rush of large competitive bids that, in fact, make up the bulk of the dollar volume of auction bidding.
This will, in all likelihood, increase the possibility of the seller receiving multiple competitive bids, and perhaps even lead to a "bidding" auction or sealed bids.
Unlike other areas where a piece of equipment or commodity supply is involved and competitive bids might be appropriate, clinical laboratory work is a complex medical service.
8 million to install security grilles without competitive bids.
The LAUSD also would split large repair jobs, issuing several B contracts for amounts that fell just below the threshold requiring formal competitive bids, usually $15,000.
Department of Defense that it is delaying indefinitely competitive bids to manage its multibillion dollar CHAMPUS Reform Initiative (CRI) program in California and Hawaii.
Anecdotally, we hear about firms that do not report in a GIPS-compliant fashion, even those who use the AIMR-PPS standards, often excluded from competitive bids.
Indeed, there is no good reason not to solicit competitive bids for government contracts, as long as the contract is awarded to a qualified firm, as required by Proposition 224.
As part of that complaint, Popowsky said, the Office of Consumer Advocate (OCA) is questioning PP&L's request to charge ratepayers for $3 million in costs for a coal contract for which PP&L has not taken competitive bids from other Pennsylvania coal operators.
However, most of the counties that appear to have problems getting competitive bids also do not need large volumes of hot mix.
Michigan Revised School Code requires competitive bids on all material and labor

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