1. An offering procedure in which underwriters submit sealed bids to the issuer and the issuer selects the underwriter with the best terms.
2. More generally, the sealed bid process, which is sometimes used in construction contracts and other circumstances.
Related information about competitive bid:
- CBIC - Home
The official information source for bidders participating in the Medicare Durable Medical Equipment, Prosthetics, Orthotics, and Supplies (DMEPOS) Competitive ...
- Competitive Bid Definition | Investopedia
A process whereby an underwriter submits a sealed bid to the issuer. The issuer awards the contract to the underwriter with the best price and contract terms.
- What is competitive bidding? definition and meaning
competitive · competitive adv... competitive adv... competitive ana... competitive ben... competitive bid... competitive bid... competitive cri... competitive dem...
- What is competitive bid? definition and meaning
Definition of competitive bid: An offering procedure in which underwriters submit sealed bids to the issuer and the issuer selects the underwriter with the best ...
- Competitive bid - The Free Dictionary
v. pro·cured, pro·cur·ing, pro·cures. v.tr. 1. To get by special effort; obtain or acquire: managed to procure a pass. 2. To bring about; effect: procure a solution to a ...
- Competitive Bid: Definition from Answers.com
competitive bid Price quote from a prospective supplier in response to a request from a buyer. Competitive bidding is most often used by government agencies.
- Competitive Bid Exceptions and Sole Sourcing - University ...
Competitive Bid Exceptions and Sole Sourcing. Drexel University requires competitive bids for purchases over $2,500.00. Some exceptions apply; see ...
- Competitive Bid Process | Finance
Why is there a need for the competitive bid process? The University is required to show that prices are fair and reasonable in the marketplace, but there are ...