competitive tender

Competitive Tender

A way to distribute a bond to investors. In a competitive tender, the issuer receives bids from large companies or other investors to buy the bond issue; the highest bid receives the issue. The winner, at its discretion, may or may not distribute portions of the issue on the secondary market. The Bank of Canada uses competitive tenders to sell its bonds.

competitive tender

an invitation for private sector firms to submit TENDERS (price bids) for contracts to supply goods or services to the public sector which the public sector has traditionally supplied for itself Competitive tendering seeks to introduce competition in the provision of goods or services and thus reduce the costs to government departments, local authorities and health authorities. See DEREGULATION.
References in periodicals archive ?
O&G exploration and development firm Petroleum Development Oman (PDO) has invited companies to participate in a competitive tender for a 100MW solar photovoltaic (PV) project in southern Oman.
Tenders are invited for temple street children~s university hospital (tscuh) now invites tenders via an open competitive tender process for the provision of a content management system (cms) for a network of digital signage units .
Commercial Bank has provided cash management services to Texas A&M at Qatar for the last five years and was reappointed following a highly competitive tender process involving other Qatari banks
0m competitive tender for ophthalmic laser equipment from India
The Newcastle business has secured five new contract wins, all due to start on site this month and next - many the result of winning competitive tender bids.
Following a competitive tender process, a 20-strong team of lawyers based in Shakespeare Martineau's Birmingham, Stratford and London offices will support the utility company on specialist gas and electricity legal work as well as a range of property and planning and corporate services work.
The Municipality of Santa Rosa de Copan in Honduras, is inviting construction firms to pre-qualify for an international competitive tender to be carried out during the period 2014-2015, it was reported July 8, 2014.
Specsavers was not 'given' the DVLA contract as Keith Chapple of Brighton states (OT letters, March 28, page 12), but won it by competitive tender.
Summary: Global Village has announced the appointment of Mellors Group Events from the UK to deliver funfair services for the 2013-2014 season following a competitive tender process.
Summary: Mostotrest has won the competitive tender for the government contract
Colman Getty, which was last year's PR Week Specialist Agency of the Year, won a competitive tender process to secure the contract.
Alasdair Len man, head of direct Insurance for Lloyds TSB Insurance, said: "Golley Slater was selected following a competitive tender due to their considerable and proven experience in this field.

Full browser ?