Sentences with phrase «bidding processes by»

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.

The document and Mr. Sampson's role have emerged in an investigation of the Aqueduct Racetrack bidding process by the office of the state inspector general, Joseph Fisch.

The benefit is that the client will save money on the broker's commission fee; however, unless the advisor knows many of the life settlement providers and can generate a competitive bidding process by themselves, the financial advisor risks not getting their client the best deal.

Scrutinize the auction closely and ensure fair conduct of the auction and bidding process by the management and members

Provide assistance in the bid process by reviewing preliminary drawings and specifications, and soliciting sub bidders

Not exact matches

If there's a bidding process, like there was in Dell's case, why isn't the winning bid, by definition, the «fair value» of the shares?

Companies like SpaceX and Orbital Sciences could build rockets more cheaply, pay the best employees more money, and give NASA a more fiscally responsible option by opening up the process to competitive bidding.

The consultant was convicted of stealing $ 1.7 million through inflated invoices, which he spent on luxury cars and Long Island real estate, while secretly favoring Verizon and undermining the competitive bidding process required by E-rate rules.

The two Chevron employees were jailed when they refused to sign a supply contract written by PDVSA executives under an emergency decree - which skips the competitive bidding process, according to a half dozen sources close to the case.

It's an updated twist on a low - cost, mail - order film - processing service popularized a few years ago by Seattle Film Works, recently renamed PhotoWorks Inc., in its own bid to straddle the digital divide.

IBM announced on Tuesday that it has been selected by the consortium to build DTC, following what it calls «a global competitive bidding process.»

By imitating its well - established bill auction process, the Treasury gave dealers a familiar starting point for developing the risk management and sales programs necessary to support auction bidding for notes and bonds.

Similar to Expedia or Lending Tree, HeroPay is able to help small business merchants save up to 40 % in credit card processing fees by creating a competitive bidding environment through the HeroPay marketplace.

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.

In the Russian Far East, Huawei outcompeted Nokia in a 2017 open tender bidding process to lay an internet cable to the Kurile Islands by agreeing to complete the project at a cost that was 9 percent below Rostelecom's stated maximum contract price.122 Though there have been no specific complaints surrounding the Kurile Islands tender, China's investments in Russia at times do not adhere to market principles — an issue of concern for the West given long - standing U.S. and European criticism of unfair Chinese trade and investment practices.

Bid rigging is defined by the Federal Trade Commission (FTC) as any situation in which «business contracts are awarded by soliciting competitive bids... [and there exists] coordination among bidders that undermines the bidding process.»

Conversely, if the Reserve Bank supplies less than banks wish to hold, they will respond by trying to borrow more in the cash market to build up their holdings of exchange settlement funds; in the process, they will bid up the cash rate.

Upon filing the case, the company sought approval of an asset sale process pursuant to which Standard General would act as stalking horse and be permitted to credit bid its portion of the secured debt owed by the company under the 2013 credit agreement.

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.

As long as the loans are used to bid up property, stock and bond prices, they can claim that they are «responding to the market» by getting homeowners, commercial real estate investors, corporate raiders and financial managers to pledge their assets as collateral for yet new loans in a process that seems to be self - sustaining.

An advertisement announcing the assets are for sale shows bids for the properties — which include 228,000 acres of land, eight producing wells and a gas processing facility — by the end of May.

The Australian Competition and Consumer Commission also alleges the Mildura - based family business Country Care Group engaged in criminal cartel conduct when participating in NSW Health tenders by getting competitors to either bid lower or drop out of the tender process all together.

A three - way contest war for Warrnambool Cheese & Butter, interest in Wesfarmers» insurance business, which was picked up by Insurance Australia Group, and a bidding war for Commonwealth Property Office Fund, are significant as there has not been much of a competitive process outside the infrastructure space for three years.

By way of examples he pointed to the tussle over Equity Trustees, the three - way bidding war for Warrnambool Cheese and Butter and Fairfax Media's sale process for Stayz.com.

See, for example, Blair Speedy, «ACCC in bid to block purchase of Franklins» (The Australian, 9 December 2010) and Sikonathi Mantshantsha, «Australia starts process to Stop Sale by Pick n Pay» (Bloomberg, 9 December 2010).

Deep discounts were brought about by WIC's 1989 shift to a state - by - state exclusive contract bidding process.

He said the domestic bonds were issued in a competitive and transparent bidding process managed by Joint Book Runners namely, Barclays, Stanbic and Strategic African Securities (SAS).

When asked later by a reporter whether he thought it was appropriate for Stachowski, who faces another tough re-election bid this year, to dig in his heels on the revenue bill (preventing himself and his colleagues from getting paid in the process), Cuomo replied:

He explained that all prospective bidders bid through their primary dealers, who in turn submitted the investors» bids through the Central Securities Depository platform, adding that at no time during the book building process did the Ministry of Finance negotiate with any investor in any way, and it will indeed be quite difficult to manipulate the process when the three financial institutions are governed strictly by the Bank of Ghana's rules and regulations.

According to MultiChoice Ghana's statement of claim, SuperSport was granted exclusive rights by the English Premier League, through a competitive bidding process to broadcast the football matches of the EPL for the 2015/2016 football season within Sub-Saharan Africa including Ghana.

But the decennial redistricting process redrew the district to be friendlier — though still difficult — for Democrats, and Kirkpatrick won a comeback bid last cycle by more than 3 points.

Under the traditional «design - bid - build» process, construction would stretch until 2028 — but if a more - streamlined design - build process is authorized for the BQE repairs before Spring 2018, the DOT should be able to complete construction by 2025.

The defendant, from in or around March 2008 to in or around October 2013, in the County of Monroe, acting in concert with others known and unknown to the Grand Jury, knowingly and intentionally entered into and engaged in and continued to engage in a contract, agreement, arrangement, and combination in unreasonable restraint of combination and the free exercise of activity in the conduct of business, trade, and commerce, specifically, to restrain competition in the bidding process of Monroe County for the Public Safety Contract, by means of bid rigging.

Cuomo has threatened to veto the bill, citing concerns the law could slow the process of bid awards and harm small businesses run by minority contractors.

The quasi-public Fuller Road and Fort Schuyler, placed into ESD custodianship after federal and state prosecutors alleged that bidding processes for construction projects had been rigged by former SUNY Poly president Alain Kaloyeros and others (all of whom maintain their innocence), have not entirely allayed concerns about transparency under their new leadership.

According to our criminal complaint, Kaloyeros gave insider information to friends and fixed the bidding process to ensure his cronies won lucrative contracts, funded in part by the state of New York.

Hogan, who declined comment when contacted by the Times Union for this story, mentioned in the December letter that the Associated General Contractors had previously been upset by the bidding process that SUNY Poly had used when it wanted to build a student dorm on its campus.

In 2013, Katz's competitors filed a complaint with the Federal Aviation Administration alleging that Katz's jet charter business had been given preferential treatment by state officials at the Department of Transportation after they bypassed a public bidding process when awarding his Talon Air the exclusive rights to sell fuel at Republic Airport.

«Kaloyeros gave insider information to friends and fixed the bidding process to ensure his cronies won lucrative contracts funded in part by the state of New York,» Attorney General Eric Schneiderman said.

By giving potential candidates such a short window to get their bids together, the quickfire process favours the frontrunner, who happens to be the former mayor of London.

«We followed the due process by calling for bids in newspaper publications and we selected three out of the bidders.

More to the point, Illinois was the site of the most extensive challenge process, which fell short despite repeated efforts spearheaded by Cook County state's attorney, Benjamin Adamowski, a Republican, who also lost his re-election bid.

«We can unequivocally state that Senator Smith nor any government official involved in this process will ever be employed by Aqueduct Entertainment Group or any of its partners, investors or affiliates,» Jeff Levine, CEO of Levine Builders, a partner in the bid, said in a statement.

Aqueduct Entertainment Group, which emerged late last month as the surprise — and controversial — winner of a drawn - out bidding process to develop the Queens racino, is moving to smooth things over with the public by cutting ties with Darryl Greene, the partner who pleaded guilty to stealing $ 500,000 from city agencies in the 1990s.

They also noted there was no formal «bidding process» for the Buffalo Billion but rather a request for proposals «for unspecified projects in the Buffalo area» that could be terminated at any time by SUNY's Fort Schulyer.

Hunt finished his defence by pointing out that the process he followed in deciding the BSkyB bid was that set out in the Enterprise Act 2002 - Labour's own legislation.

The reply also claimed that the agency was able to obtain higher prices by making one - off deals with recyclables brokers rather than entering into a fixed - price contract following a competitive bidding process.

A federal judge on Wednesday sentenced Malcolm Smith to seven years in prison, saying the former state Senate majority leader corrupted the political process by trying to buy his way onto the ballot in a crooked bid to become mayor of New York City.

From 2013 through 2015, Aiello, Gerardi and others are accused of conspiring to defraud Fort Schuyler Management Corp. by rigging the bidding process for taxpayer - funded development projects.

«A last - ditch Tory bid to delay the process for four months was defeated by a margin of 93, and peers later gave the EU Amendment Bill a third reading.»