Sentences with phrase «competitive bidding»

"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
Many competitive bidding processes are operated in conjunction with or after models created after the company's procurement procedures.
Online auctions accelerate the real estate marketing and sales process through competitive bidding.
Many were awarded without competitive bidding to politically connected companies.
Sales declines are a natural result of there being fewer homes for sale, but higher prices often indicate higher demand leading of competitive bidding.
As do the bloated advances driven by competitive bidding situations.
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.
After all, contractors looking to win competitive bids already want to keep their costs low.
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.
Nor did he see anything «punitive» about requiring competitive bids that would not reflect subsidies.
Prepared annual budget and followed, checked invoices for payment, worked with vendors to get competitive bids and oversee projects.
Being a few percentage points off one way or the other is the norm in most competitive bidding.
Prepare specifications for all contracted work, obtain competitive bids, and supervise the project.
For one thing, just because competitive bidding is dying doesn't mean that competitive pricing is headed for the grave, as well.
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.
But there are some that clearly favor competitive bidding, he said.
Provided competitive bids on mechanical equipment to targeted accounts for new construction.
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.
Our first competitive bid, for paper, showed impressive results.
Competitive bidding sometimes took the price beyond what was expected.
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 most competitive bids «clear» the auction.
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.
In this article we explore the role of Pre-bid agreements for consortiums involved in competitive bid situations.
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.
The chlorine was purchased after competitive bidding for about $ 90,000 from the Barton Chemical Co., a Bedford Park firm.
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.
Just wan na make sure I'm getting the most competitive bids when I get started.
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.
Charter schools must conduct public competitive bid processes similar to public district schools.
For municipal bond issues involving competitive bidding, the insurance is offered as an option to the underwriters bidding on the transaction.
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.
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