cover bid

Cover Bid

In an auction or other competitive sale, the second-highest bid. The term carries a slight connotation that the bidder was a plant who was simply trying to drive the price higher. This may or may not imply collusion.

cover bid

The second-highest bid in a competitive sale.
References in periodicals archive ?
The cover bid, which is the second highest bid, was 92.80% of UPB (59.15% of BPO) for the total of the four pools which were purchased on an all-or-none basis.
While the winning bidder ended up being from New York, the cover bid was from a hotel operator in California," said Malka.
Tenders are invited for Supply of 2 Ton capacity Air Conditioner to the Many Departments of MIMS Mandya from the Manufacture/s or Authorized Dealers in two cover bid system as per The Karnataka Transparency in Public Procurement Act-1999 and Rules thereunder.
Tenders are invited for Procurement Of 05 New Base Ambulance Vehicles To Various Health Insitutions Of Dh&Fws, Ballariunder Dmf Fund In A Two Cover Bid System The Details Of The Same Can Be Viewed From E-Procurement Portal Of Government Of Karnataka.
Scheme in Ganjam District.(In Single cover Bid) ,Supplying Labour, Materials and T&P for Laying of pipelines, Construction of valve Chambers, stand post,
Tenders are invited for Supply of Equipments to the Anaesthesia Dept of MIMS Mandya from the Manufaclure/s or Authorized Dealers in two cover bid system as per The Karnataka Transparency in Public Procurement Act-1999 and Rules thereunder.
Tenders are invited for Supply of Various Medical Equipments & Hospital Furnitures required for Community Helath Centre Toranagall & Praimary Health Centre Taranagar, (Sandur Taluk) Taluk Genaral Hospital Sandur, Sub Centre Byluvaddigeri (PHC Gadiganur, Hospet Taluk) Taluk Genaral Hospital Siruguppa, Community Health Centre Kampli (Hospet Taluk), under HKDRB Scheme in a Two Cover Bid System.
(In Single cover Bid.Supplying Labour, Materials and T&P for Laying of pipelines, Construction of valve Chambers, stand post, pump house, compound wall, Construction of 30K ltrs capacity OHT, Construction of 50K ltrs capacity UGR, pumping unit installation with 5 years operation & maintenance etc in connection with PWS to P.Karadakana under Sheragada Block EMD value : INR 6000
Tenders are invited for Construction of S.P.Office at Botad, Dist : Botad (Two Cover Bid)(Including Electrification)
The cover bid price for the two pools is 88.15% of UPB (84.92% BPO).
Tenders are invited for Renovation & furniture work at Seventh floor of Policebhavan, Sector-18, Gandhinagar (Including Electrification, Data Networking & Air Conditioning)(Two Cover Bid)