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Cover Bid

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cover bid
The second-highest bid in a competitive sale.

Cover Bid
In an auction or other competitive sale, the second-highest bid. The term carries a slight connotation that the bidder was a plant who was simply trying to drive the price higher. This may or may not imply collusion.


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Set public hearings for comprehensive plan amendments, zone changes and ordinance amendment; reservoir cover bid award; utility trench patching quotations.
Set public hearings for comprehensive plan amendments, zone changes and ordinance amendment; reservoir cover bid award; utility trench patching quotations.
 
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