They range from $148 per ton, charged by Jihad Construction Company to handle garbage for Bekaa and Hermel, to $189, charged by Batco and Lavajet in the North and Akkar, and prices higher still for likely noncompetitive bids
. Practically every bid is accompanied by an international company.
previously awarded seven leases, two through noncompetitive bids
, for projects in the Atlantic Ocean, including Cape Wind in Nantucket Sound.
The ratio of government securities offered for competitive and noncompetitive bids
is 70 %:30%.
Hitachi-LG Data Storage and the co-conspirators also "submitted collusive and noncompetitive bids
" for optical disc drive contracts at an HP procurement event, according to the DOJ.
The former Marsh managers are accused of colluding with insurance executives to arrange noncompetitive bids
and then conveying these bids to clients under false pretenses.
Competitive bidders, the bulk of whom are the thirty-nine dealers designated as primary dealers by the Federal Reserve Bank of New York, submit sealed bids specifying the dollar amounts of the security the bidder is willing to buy at each yield.(2) Noncompetitive bidders submit a quantity bid, up to $1 million for bills and $5 million for notes and bonds, but do not specify any yield; the total amount of noncompetitive bids is subtracted from the dollar amount of the security to be auctioned, and what remains is available for competitive bidding.(3)
If the amount of noncompetitive bids is assumed to be $10 million, the quantity available to the two competitive bidders is $40 million.
However, the Back-Zender model assumes that bidders are risk neutral; by definition, risk-neutral bidders do not care about the risk that noncompetitive bids may cause the low-yield points in their steep demand schedules to be realized as auction-clearing yields.
The higher the amount of noncompetitive bids is, the lower the available supply is for competitive bidders and the higher the chances are that the auction will clear at the low-yield (high-price) points of the bidders' steep demand schedules.
Another is whether the Federal Reserve should preannounce its noncompetitive bids. It is insightful to examine these alternatives in light of the research that has been discussed.
In the aggregate, of course, noncompetitive bids
, though individually small, can add up to sizable amounts and can be a significant factor in auctions.
Finally, any entity or individual may submit noncompetitive bids
in an amount up to $1 million.