offer

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Offer

Indicates a willingness to sell at a given price. Related: Bid.

Ask

The lowest price for which a seller is willing to sell some asset. When one makes a buy order, one may order a broker to buy at the ask, which is simply the best price currently available. The difference between the ask and the bid is called the bid-ask spread, which is a key measure of liquidity.

offer

See ask.

Offer.

The offer is the price at which someone who owns a security is willing to sell it. It's also known as the ask price, and is typically paired with the bid price, which is what someone who wants to buy the security is willing to pay. Together they constitute a quotation.

offer

see CONTRACT.

offer

A commitment to do some act,usually to buy or sell something,upon specified terms which, if accepted, would create an enforceable contract. The person making the offer is the offeror; the person receiving it is the offeree.Some important concepts include

• An offer may be withdrawn at any time before it is accepted, unless the offer by its terms stated it would be irrevocable for a specified period of time or other conditions.

• The mailbox rule states that if an offer is made via the mail, or if an offer does not limit acceptance to some vehicle other than the mail, then it may be accepted by mail. If so, then acceptance is effective when it is placed in the mail, not when received by the offeror. As a result, the offer may not be withdrawn once acceptance has been placed in the mail.

• The Uniform Computer Information Transactions Act provides that e-mail offers are accepted when the return e-mail has been received by the offeror, not when it is sent.

• Some states have held that fax transmissions of acceptance are effective when faxed.

• An offer that is “accepted,” but with changes in some of the terms or conditions, is a counteroffer and is not an acceptance. A counteroffer is a new offer that must be accepted or rejected. The old offer may not be resurrected at that point.

• Aproperty auctioned without reserve is an offer that may not be withdrawn. Unless specified otherwise, all auctions are presumed to be with reserve and the property may be withdrawn at any time before acceptance.

• Upon receiving an offer from a potential purchaser, an agent is obligated to transmit it to the client as soon as possible, even if the agent thinks it is a poor offer that will not be accepted. Further, an agent may not retain an offer until receipt of another, in order to present them together, unless the client has given specific instructions to act in that manner.

References in periodicals archive ?
These tradeoff processes are distinguished from Low Price Technically Acceptable [LPTA] source selections by permitting the SSA to consider award to other than the lowest evaluated price offeror or other than the highest technically rated offer.
In Multimax Inc., (37) several unsuccessful offerors to the Army's proposed award of multiple ID/IQ contracts actions for worldwide Information Technology (IT) services protested at the GAO.
Negotiations are exchanges, in either a competitive or sole source environment, between the government and offerors that are undertaken with the intent of allowing the offeror to revise its proposal.
We implemented a better solution during formal discussions with the offerors. Formal discussions typically are very time consuming because they involve an inefficient process wherein industry prepares questions and then, metaphorically speaking, throws them over the fence to the KO for an answer.
(19) [T]he honest exchange of information in a preaward debriefing may well obviate the need for, or discourage, a bid protest; competitive range evaluation results for excluded offerors are always "fresher" in the preaward than in the post-award time frame ...
Exchanges are any exchange of information in the midst of a source selection between the government's source selection team and the offerors. It is a common semantic mistake to call all exchanges of information "discussions," but more precisely, there are three types of exchanges:
Some may take issue with my example, pointing out that according to the AFFARS, ratings of yellow should really be used as interim or initial ratings: "Through exchanges, the government evaluators should be able to obtain the necessary information from offerors with interim Yellow/Marginal ratings to determine if the proposal inadequacies have been satisfactorily addressed.
Debriefed offerors often display inordinate curiosity about the contents of their competitors' proposals.
Strength--A significant, outstanding, or exceptional aspect of an offeror's proposal that has merit and exceeds the specified performance or capability requirements in a way beneficial to the Air Force, and either will be included in the contract or is inherent in the offeror's process
this requirement is a service-disabled veteran owned set-aside and only qualified offerors may submit bids.
The purpose of this Request for Proposals (RFP) is to establish Master Agreements with qualified offerors to provide competitively bid pricing for the purchase of tools and accessories for all Participating States.