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Competitive Bidding

   Also found in: Medical, Legal, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
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 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.
Competitive Bidding
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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But City Administrative Officer Bill Fujioka said that while he recognized what the council was trying to do, he believed it was better to have an open competitive bidding system.
CARDENAS DEFENDS NEW NEGOTIATION POLICY FOR BONDS by Daily News (Los Angeles, CA)
Unless marketed on a limited and/or discrete basis at the seller's request, the loan sales usually receive extensive exposure in the market and undergo a highly competitive bidding process.
Carlton closes on residential loan sale by Real Estate Weekly
Caplan's report also supports the competitive bidding process with some changes.
Caplan's Ontario home care review backs competition and quality ... by Community Action
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