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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
If the Notes reserved for non-competitive tender are under-subscribed, the non-subscribed amount will be added to the portion of notes for competitive tender (initially set at HK$1,195 million).
The Energy Community issued a press release hailing the reforms being carried out in the country's energy sector underlining that the country was the first member of the Energy Community having completed a competitive tender procedure selecting a universal electricity supplier.
Following 'a competitive tender process', which attracted six bids, the contract has been awarded to Deep Beat Entertainment Limited.
Mumbai: Reliance General Insurance said it has won the contract to provide health insurance coverage to Jammu and Kashmir government staff after a rigorous and transparent competitive tender process.
'The award for the RM6.3 billion project comprising of the under-sea tunnel and three main highways was conducted through an open competitive tender under the Penang State Committee.
This, according to the council, will 'enable the council to manage the risk to the authority should future material markets decline and also allow for representative industry experts to tender for each aspect of the contract, hopefully leading to more competitive tender prices.'
O&G exploration and development firm Petroleum Development Oman (PDO) has invited companies to participate in a competitive tender for a 100MW solar photovoltaic (PV) project in southern Oman.
Commercial Bank has provided cash management services to Texas A&M at Qatar for the last five years and was reappointed following a highly competitive tender process involving other Qatari banks

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