The phrase
"bidding process" refers to the process of inviting offers or proposals from different individuals or organizations to compete for a contract, project, or sale. It involves reviewing and comparing the bids to determine the most suitable or advantageous one.
Full definition
If a company's prospects are very good, many people will want to buy the stock and the stock price will go up through the
competitive bidding process managed by stock exchanges.
The first one didn't go through the
open bidding process and was signed two weeks after the storm hit.
Public school districts have to follow the same
bid process when they purchase tomatoes as when they build a new building: They must get at least three quotes.
The format of a blind
bid process worked well when the legal relationship between agent and principal involved the seller only.
The funding will support up to 100 building projects - opening new schools and expanding existing ones, with a local
bidding process determining the allocation.
But this issue goes far beyond facts, statistics and even a political debate regarding the
entire bidding process.
The program uses an
online bidding process, combined with aggressive pricing strategy to sell selected listings quickly.
It marks the end of a seven
month bidding process that saw the Canadian consortium fend off rival bids from two Chinese groups.
This competitive
bidding process ensures that our customers always get the best price for their metals at any time.
In this capacity, he participates in final architectural design and oversees the
project bidding process, selection of general contractors and project field management.
In reference to debt securities, a type of auction when a competitive
bidding process establishes the interest rate on a security (typically municipal or corporate bond).
A competitive
bidding process derives cost savings by awarding contracts to those — whether private companies or in - house staff — that can demonstrate they can provide services at the lowest cost.
In some scenarios, loans may be put on a platform's online auction for investors to bid on, making the interest rate payable dependent on the
investor bidding process.
How that would work, considering the long and
expensive bidding process the upstate casino licensees had to go through, is uncertain.
The company invests in 5 % of every loan on the platform and offers a reverse - auction
style bidding process for loans.
Often organizations, especially government entities, are required to go through a
thorough bidding process and will ask for proposals from many of your direct competitors.
Also, the blind -
bidding process allows vendors to propose lower prices without fear of locking themselves in on subsequent bids.
The Chilean state has a common on -
line bidding process for all government services, including the public defender.
The best way to do that is by awarding contracts through the
open bidding process, which allows the largest number of businesses a chance to compete to offer the best deal.
The
competitive bid process also was becoming more challenging amid a growing field of contractors that had varying degrees of competencies.
The 90 - Day Certain Sale program uses an
online bidding process, combined with aggressive pricing strategy, to sell selected listings quickly.
SUNY Poly's seemingly precarious financial state — particularly since former president Alain Kaloyeros resigned in October after state and federal corruption charges were filed against him related to his oversight
of bidding processes at two of the school's affiliated nonprofits — has been widely reported, but the internal documents offer a rare glimpse at how the crisis has been perceived and deliberated internally.
Aqueduct's proposed slot casino will begin a new
bidding process with newly confirmed gubernatorial candidate Andrew Cuomo watching closely.
Harmful acts include: offering an undue advantage to a public official; defrauding through collusion the competitiveness of
public bid processes; and manipulating the financial aspects of public contracts.
Expertise in preparing cost and sales estimates for small and large projects and providing support to estimation teams
during bidding process.
There should have been an open
bidding process so that people with a potential interest in the land — such as its two adjoining landowners — could make their own offers.
SUNY Poly's seemingly precarious financial state — particularly since former president Alain Kaloyeros resigned in October after state and federal corruption charges were filed against him related to his oversight of
bidding processes at two of the school's affiliated nonprofits — has been
Howe allegedly conspired with Alain Kaloyeros, SUNY Poly's then - president, to subvert ostensibly open
bidding processes by tweaking the language of requests for proposals (RFPs) to favor the two developers.
U.S. Attorney Preet Bharara has charged that Kaloyeros colluded with leaders of the firm LPCiminelli to rig construction
contract bidding process at Fort Schuyler, while state Attorney General Eric Schneiderman has alleged the nanotechnology guru did the same Columbia Development through Fuller Road.
Snyder, along with fellow Talonvest principal, Jim Davies, managed the competitive
bid process as well as the loan structuring negotiations with the lender on behalf of the borrower.
Coordinated creation and approval of project specifications and scopes of work, and solicited and
oversaw bid process for contracts using Requests for Proposals.
I don't think Big Ed was providing that nice looking young lady with a couple of contracts just below the limit that would require a competitive
bidding process because she was doing any favors for him.
Also suspended today was former FIFA president Chung Mong - joon, who has been banned for six years over charges relating to the 2018/2022 World
Cup bidding process.
It is also encouraging the procurement of hybrid power through
transparent bidding processes, which could take into account capacity delivered at grid interface point, effective capacity utilisation factor (CUF), and the unit price of electricity.
One offshoot of the Scruggs scandal is a bill making its way through the state legislature that would require the state to go through a public
bidding process before contracting with a private law firm.
Phrases with «bidding process»