Competitive bidders

Competitive bidders

One of two categories of bidders on Treasury securities: competitive and noncompetitive. Competitive bidders are usually financial institutions.

Competitive Bidders

Institutions that make sealed bids to a bond issuer containing a prospective price and terms for an issue. On the close date of bidding, the issuer picks the best price and terms from among the competitive bidders. Competitive bidding is one of two processes by which the U.S. Government issues Treasury securities. This is also used for various other ventures, from IPOs to project finance.
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Dr Adu-Ampomah, who is currently the Special Advisor to the Minister for Agriculture, further denied that the decision to use advertisements to invite competitive bidders was not the PPA's advice and that it was COCOBOD's aged old practice.
Imran should request Mahathir to aid Pakistan's government in selling these precious properties to competitive bidders or to develop joint projects and let Islamabad earn some revenue.
Not only would this system lead to a reduction in contract costs by increasing the number of competitive bidders, it will also increase sales revenue and promote DuPage County's local economy when a local vendor is awarded a contract.
While the works on the first and third packages have been awarded, the work on the second package worth Nu 95mn has not been awarded in absence of competitive bidders. DOR's Project Manager Sonam Tobgay said the evaluation of the bidders has been completed and work will be awarded soon.
A smaller entry of 34 calves forward as farmers take advantage of the fine weather, however a full ringside of competitive bidders present.
The process will require bidders to log in every few days to check the price pegged by competitive bidders and, accordingly, people can place higher bids.
While BJ's reportedly engaged Morgan Stanley to help line up competitive bidders to Leonard Green & Partners, there appeared to be little additional interest in the chain as a takeover target until April of this year.
The meeting was informed that conceptional Master Plan will be got prepared from reputed firms and competitive bidders, for which an advertisement will be got published within 15 days.
The AWPR outmanoeuvred other competitive bidders in the competition, said an official of the Abu Dhabi Tourism Authority (ADTA), noting that the event will be held in 2015.
In some cases, offshore wealth has weathered the recession better than local investors, making foreigners more competitive bidders. Currency exchange rates can also favor the Yen or Euro over the dollar.
In experiments with less than two competitive bidders in the first round, collusion is immediate.

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