Competitive Bid

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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.
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RIGA, Aug 28 (LETA) - A competitive bids multi-price auction today sold EUR 17.6 million worth of five-year Latvian government bonds, the Nasdaq Riga stock exchange said.
The non-competitive bids should be submitted between 10:30 am and 11:30 am, and the competitive bids should be submitted between 10.30 a.m.
In the hot Idaho housing market, five state-owned lakefront cottage lots had competitive bids at the Aug.
The issue, with a subscription rate of 170 per cent, comprised of e1/4107m in competitive bids and e1/463m in non-competitive bids, the office said.
The competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10.30 a.m.
According to the statement, the maximum quantity of government securities which a participant may acquire with competitive bids is 50 % of the quantity earmarked for sale through competitive bids.
The purpose of this article is to investigate company managers' decisions to engage competitive bids from prospective auditors or to privately negotiate with a single firm to obtain audit services.
The US Transportation Security Administration (TSA) is to open up the contract for the repair and maintenance of airport security screening equipment to competitive bids after abandoning a plan to award a no-bid contract.
This will, in all likelihood, increase the possibility of the seller receiving multiple competitive bids, and perhaps even lead to a "bidding" auction or sealed bids.
To accomplish this, you should first be certain that only those brokers that you are willing to award the business to be asked for competitive bids.
The steps that ultimately led to bundling 401K services began in 1991, when we decided to invite competitive bids for the trusteeship of our 401K program.

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