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Competitive Bid |
Also found in: Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
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Competitive Bid A process whereby an underwriter submits a sealed bid to the issuer. The issuer awards the contract to the underwriter with the best price and contract terms. Notes: This process is used for everything from IPOs to large construction projects. |
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? Mentioned in | ? References in periodicals archive | |
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Robert Scott, chairman of the Valley Industry and Commerce Association, sent the superintendent a letter urging him to consider putting cafeteria services out to competitive bid. Comair managers say the airline's ability to offer a competitive bid depends on whether it wins concessions from its unions. Trammell Crow Company was selected through a rigorous, competitive bid process and emerged as the best choice to help us achieve our aggressive cost-savings goals through better asset utilization, consolidation of existing facilities and reduced operating expenses," said Frank Boyer, EDS vice president and chief supply officer. |
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