competitive bidding

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Competitive bidding

A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell.

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.

competitive bidding

1. A method by which a corporation or government organization wishing to sell securities in the primary market chooses an investment banker for the sale on the basis of the best price submitted by interested investment bankers. Municipal governments and public utilities are often required to ask for competitive bids on new security issues. See also negotiated offering.
2. The bidding on U.S. Treasury securities in which an investor stipulates a particular price or yield.
References in periodicals archive ?
In that case, PLF is asking the state high court to uphold a Court of Appeal ruling from last year that said San Jose's quota and "outreach" program for awarding public contracts violated Proposition 209.
Part of the public contract entitled "Washing machine"
The subject of the public contract is the delivery of an autokeratorefractotonometer with a pachymeter.
The public contract is divided into two separate sections of the public procurement contract in accordance with the provisions of 35 and 101 of the PPA, whereby the party is entitled to submit a bid for one or both parts of the public contract.
The subject of the public contract is the supply of electricity to the ministry of justice in 2018 in the low and high voltage voltage levels in the expected total quantity of 72 092 mwh, Consisting of 20 764 mwh of electricity in the low voltage voltage level (1st part of the public contract) and 51 328 mwh electricity supply in the high-voltage voltage level (2nd part of the public contract) and the supply of natural gas to the ministry of justice in 2018 under the malood procedure (up to 630 mwh) and the large-scale (consumption above 630 mwh) in the anticipated total amount of 196 629 mwh; 26 243 mwh under the small-order (3 rd part of the public contract) and 170 386 mwh in the wholesale mode (4th part of the public contract).
Advertising tenders available through Public Contracts Scotland has opened the door to new opportunities and has already given Scottish businesses.
THE government has been urged to ease tendering processes on public contracts for small firms in the wake of the Office of Fair Trading (OFT) price-fixing probe.
Institutionalised public private partnerships (IPPP) should usually remain in the framework defined by the original contract and cannot obtain new public contracts without a call for competition procedure which respects Community law for public contracts and concessions.
We are removing a linchpin to the state's system of racial preferences in public contracts.
Frequently the officials letting public contracts belong to the old-body network.
The implications for prime contractors are clear: those that have good working relationships with qualified minority or women's business enterprises (MBEs and WBEs) could enjoy a significant competitive advantage in bidding for public contracts.
There is a huge social and financial price paid whenever government discriminates and awards public contracts and employment on the basis of gender or skin color rather than individual merit.

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