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 ?
Tenders are invited for temple street children~s university hospital (tscuh) now invites tenders via an open competitive tender process for the provision of a content management system (cms) for a network of digital signage units .Temple street children~s university hospital, acting in its capacity as contracting authority, invites tenders from suitably qualified and interested parties that wish to participate in an open competitive tender process as outlined in this rft.
SIEMENS has challenged a decision by the Berlin Senate and Berlin Transport Authority (BVG) to offer a contract worth around 120m to Stadler Pankow for a further 20 type IK small-profile four-car U-Bahn trains without going out to competitive tender.
Tenders are invited for temple street children~s university hospital (tscuh) now invites tenders via an open competitive tender process for the provision of a computerised traceability system for infant formula specialist feeds in the special feeds unit .Temple street children~s university hospital, acting in its capacity as contracting authority, invites tenders from suitably qualified and interested parties that wish to participate in an open competitive tender process as outlined in this rft.
The process through which the current contracts were awarded can be categorised in three distinct phases, that is: Phase 1 being the negotiations leading to a direct order extending the previous contract by one year, during which the Ministry was to re-secure the service through a competitive tender for subsequent years; Phase 2 revolving around the Ministrys attempt at procuring this service through a competitive tender, which failed due to bids either being technically incompliant or significantly exceeding the budgeted estimate; and Phase 3 dealing with the negotiated procedure leading to the signing of the current contracts with the five previously unsuccessful bidders.
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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