bid

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Bid

The price a potential buyer is willing to pay for a security. Sometimes also used in the context of takeovers where one corporation is bidding for (trying to buy) another corporation. In trading, we have the bid-ask spread which is the difference between what buyers are willing to pay and what sellers are asking for in terms of price.

Bid

1. An offer by an investor to buy a security.

2. The highest price a potential buyer is willing to pay for a security. See also: Ask, Bid-ask spread.

bid

1. The price that a potential buyer is willing to pay for a security. Compare ask. See also best bid.
2. An offer to purchase something.

Bid.

The bid is the price a market maker or broker is willing to pay for a security, such as a stock or bond, at a particular time. In the real estate market, a bid is the amount a buyer offers to pay for a property.

bid

  1. an offer by one company to purchase all or the majority of the SHARES of another company as a means of effecting a TAKEOVER. The bid price offered by the predator for the voting shares in the victim company must generally exceed the current market price of those shares, the difference being a premium which the predator must pay for control of the company. However, on occasions, the market price of the shares may subsequently rise to exceed the initial bid price where investors either feel that the bid price undervalues the company, or where investors anticipate, for example, the possibility of a second party making a higher bid. The offer price could be paid solely in cash, or in a mix of cash and shares in the acquirer's own company, or solely in terms of the acquirer's shares (called a paper bid). In order to finance a takeover bid, a predator company may raise loans. See TAKEOVER BID (leveraged bid).
  2. an offer to purchase an item (for example, a house or antique vase) which has been put up for sale at a specified price or is to be sold subject to receipt of ‘other prices’. The latter may occur at an AUCTION where a number of would-be buyers each put in a bid for an item, the final sale going to the highest bidder unless a predetermined ‘reserve’ has been set but not reached.

bid

  1. 1an offer by one company to purchase all or the majority of the SHARES of another company as a means of effecting a TAKEOVER. The bid price offered by the predator for the voting shares in the victim company must generally exceed the current market price of those shares, the difference being a premium that the predator must pay for control of the company On occasions, however, the market price of the shares may subsequently rise to exceed the initial bid price where investors either feel that the bid price undervalues the company or where investors anticipate, for example, the possibility of a second party making a higher bid. The offer price could be paid solely in cash, or in a mix of cash and shares in the acquirer's own company, or solely in terms of the acquirer's shares (called a paper bid). In order to finance a takeover bid, a predator company may raise loans. See TAKEOVER BID (leveraged bid).
  2. an indication of willingness to purchase an item that is for sale at the prevailing selling price. This may occur at auction when many purchasers bid for items on sale, the final sale going to the purchaser offering the highest price unless a predetermined reserve price has been set that was not reached. See AUCTION.

bid

(1) An offer to purchase at a specific price, usually at an auction or foreclosure.(2) An offer to complete specified work for a certain price,usually presented in the context of a request for sealed bids to complete government work.
References in periodicals archive ?
By keeping a strict adherence to organization of the technical assessment consistent with the contractor's proposal, the technical evaluation will assist the price analyst and negotiator to establish a reasonable position based on any measurable, easily recognizable differences.
A primer for organizing a technical evaluation consists of starting with a summary paragraph, briefly describing the work and any unique aspects to the contractor's proposal. The technical evaluation should then summarize the proposed hours with clarity, traceability, and completeness.
The bases for understanding and producing a cohesive technical evaluation are (a) reading and understanding the SOW and the contractor's cost and technical proposal; (b) reviewing the scope of the tasks proposed by the contractor; (c) reviewing the contractor's estimating methodologies and rationale; (d) evaluating the detailed estimates, calculations, and factor applications used in the contractor's proposal; and then (e) formulating a technical analysis plan.
Therefore, it is vital that there are valid government requirements for the contractor's proposal. In many cases, the requirements have not been determined and the basis for fact-finding has been the determination of a valid government requirement for the acquisition.
The technical evaluator should comment on the reasonableness of the proposed material, including such factors as the kind and quantities and necessity of purchasing such material for the project, while the DCAA auditor evaluates the rates of the contractor's proposal and quotes for the material.
The technical evaluation must be an independent document during negotiations, substantiating the government's position for exceptions to the contractor's proposal. The focus of the technical assessment should be to substantiate the contractor's proposal or the exceptions thereto.
The technical engineer is accountable to ensure the government's position is adequately communicated to the contractor and reasonable steps have been taken to reduce any perceived inconsistencies in the contractor's proposal.
The key elements to the technical analysis are: (a) understanding the contractor's proposal, (b) organization of the technical evaluation by reviewing the SOW and scope of tasks for sufficiency, (c) preparation of the technical evaluation by reviewing the contractor's estimating methodology and rationale, (d) communication through continuous fact-finding to determine the equity and reasonableness of the contractor's estimates, (e) focus on the writing of the technical evaluation to support the negotiations between the parties, and (f) consolidation of all evaluation elements by evaluating the detailed estimates in the contractor's proposal and ensuring there are no disconnects, duplications or inefficiencies.

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