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 ?
Following a competitive tender we were chosen to provide a comprehensive, reliable service which all parties can rely on.
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 contract was awarded after a competitive tender, and covers the "provision of hard services" to over 1,500 premises across Qatar.
It states European Union rules force ministers to go for competitive tender on routes where there are no rival operators.
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.
THE Crown Estate has announced that Bond Dickinson has been reappointed to its legal panel after a competitive tender process.
valid Competitive Tender Instructions that specified a purchase
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.
LAW firm Weightmans has been appointed to the panel of Glyndwr University after a competitive tender process.
Colman Getty, which was last year's PR Week Specialist Agency of the Year, won a competitive tender process to secure the contract.
The government decided to examine the prospects of a competitive tender after shelving a plan to split the company.

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