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Competitive Tender
(redirected from competitive tendering)

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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.
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Ontario's new competitive tendering process for home care services was brought to a complete halt after a controversy arose in Hamilton.
Ontario cancels bidding on home care contracts after Hamilton protest by Community Action
The obsession then reached the height of absurdity when a third memo asked why there had been no competitive tendering for road tax on company vehicles.
Party lines by The Journal (Newcastle, England)
But the Ministry of Defence have announced the pounds 300,000 contract to supply tartan cloth for the outfits of the new Royal Regiment of Scotland will go to competitive tendering.
Threat to Army's tartan makers by Daily Record (Glasgow, Scotland)
 
 
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