competitive bidding

Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.
Related to competitive bidding: International Competitive Bidding

Competitive bidding

A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell.

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.

competitive bidding

1. A method by which a corporation or government organization wishing to sell securities in the primary market chooses an investment banker for the sale on the basis of the best price submitted by interested investment bankers. Municipal governments and public utilities are often required to ask for competitive bids on new security issues. See also negotiated offering.
2. The bidding on U.S. Treasury securities in which an investor stipulates a particular price or yield.
References in periodicals archive ?
Under competitive bidding, the market would price these parameters.
According to the minister, following amendments are proposed in 2006 RE policy, the risk of variability in speeds (for wind power projects) shall be borne by the power producer/seller, the risk of solar irradiation (for solar power projects) shall be borne by the power producer/seller; projects on solar, wind, bagasse and small hydel regimes will be through competitive bidding.
Round One of the DMEPOS competitive bidding program was implemented on July 1,2008, in 10 competitive bidding areas, as mandated by the MMA.
This companion bill to HR 3453 would also repeal the Medicare competitive bidding demonstration project for laboratory services.
Many feel that competitive bidding produces the best cost and coverage proposals.
The announcement of competitive bidding has been lamented by those vested interests which were expecting to earn extra profit by exploiting the upfront tariff and by lobbying with Nepra.
Congress mandated the competitive bidding program in 2003 as a way to save money and to inject market forces into the establishment of payment levels for medical equipment.
For many years a competitive bidding strategy was discussed by Congress, but the laboratory community effectively lobbied against it.
those residing in nursing homes) and ensure that competitive bidding will not threaten testing quality.
He said that he will not act unless he has evidence the law on competitive bidding has been violated.

Full browser ?