| 释义 |
DictionarySeeprocurementcompetitive bidding
open competitive selectionThe process of selecting a contractor in which an advertisement for bids is published in the news media to notify qualified contractors of the owner’s intention to receive sealed competitive bids.LegalSeePublic Contractcompetitive bidding
Competitive biddingA securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell.Competitive BidA 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 bidding1. 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. |