"Competitive bidding" refers to a process where different people or companies submit offers or bids to win a contract or purchase something. The person or company with the best offer, usually the lowest price or best quality, wins the competition.
Full definition
Sales declines are a natural result of there being fewer homes for sale, but higher prices often indicate higher demand leading
of competitive bidding.
We get
competitive bids on every part of our business and I'd be willing to bet that our mass market printing prices are as low as any of the big 5 publishers.
He says these entities create an environment where it's easy for communities to use them to engage in back - door borrowing for projects that avoid
competitive bidding requirements.
Prepared annual budget and followed, checked invoices for payment, worked with vendors to
get competitive bids and oversee projects.
In fact, it is easier than ever to
receive competitive bids for installing a solar system and solar has already achieved price parity in 20 states.
An auction market is a market in which buyers
enter competitive bids and sellers enter competitive offers at the same time.
The intense competition in the property markets today has led pension funds to consider leverage as a means of enhancing returns or
meeting competitive bids.
Events that bring together leading corporate / government leaders and decision - makers with suppliers to foster relationships and
competitive bidding opportunities.
In some instances, the report found, the comptroller's contract review authority,
competitive bidding processes and notice provisions are proposed to be eliminated.
It's interesting to know that in the same geographical area of the country,
competitive bids for the same work from several contractors can differ by as much as 30 percent.
Instead, the state could buy the questions through its existing test vendor, which was chosen
through competitive bid.
The federal «pay - to - play» rule does contain one exception: If bond contracts are awarded
by competitive bidding, then the prohibition on campaign contributions does not apply.
The report also questioned the way the foundation chooses companies to do business with, finding that it lacked written procurement policies that
require competitive bidding.
Still, many investors still find themselves
in competitive bidding situations in Toronto as well as Vancouver for small multi-family properties.
While both obtained
competitive bids from law firms, including estimates, and used written retainer agreements, one paid up to $ 375 per hour, the other capped rates at $ 145 per hour.
If you're in a very
competitive bidding war, it might be smart to do a pre-inspection (which will cost you a few hundred dollars) to help expedite the process and send a message to the seller that you are ready to close quickly if necessary.
In its testimony, the WASB acknowledged that many school boards voluntarily
use competitive bidding as a matter of board policy, but objected to a statutory mandate to do so.
The IG's office also alerted Hooker it will criticize Ag & Markets for not
seeking competitive bids when it hired a boxing promoter to present matches during the 2009 fair, according to one source.
But it's hard not to think that the same conditions that are said to have fostered the alleged corruption at SUNY Poly — including secret communications and a lack of normal public
competitive bidding procedures — didn't also contribute to this apparent financial mess.
In the case of Filecoin, there is a benefit to those buying storage space from more miners» being involved, namely better pricing through
more competitive bidding by those selling storage space.
States and provinces have the right to exempt certain public agencies from
competitive bidding under WTO rules, although Canada entered these NAFTA negotiations hoping to expand free trade for public contracts with the giant U.S. market.
An anonymous group claims Leon County School District officials circumvented state
competitive bidding laws in awarding school construction projects to political donors.
The Minister for Energy, Boakye Agyarko has inaugurated a committee to supervise the
open competitive bidding of Ghana's oil blocs to prospective oil exploration companies.
The lack of
competitive bidding also resulted in the town spending $ 21,287 more than necessary for diesel fuel purchases.
Gazzola said state officials told him they already were aware of Talon's interest but wanted to make sure other companies knew of the project to
submit competitive bids.
Phrases with «competitive bidding»