Sealed bid auction definition

Sealed bid auction means a sealed bidding
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Sealed bid auction means a sealed bidding procedure that incorporates or allows for the competitive increasing or decreasing of bids after the opening of sealed bids.
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Examples of Sealed bid auction in a sentence

  • H.B. No. 3038 1 (13) "Sealed bid auction" means a sealed bidding 2 procedure that incorporates or allows for the competitive 3 increasing or decreasing of bids after the opening of sealed bids.

  • PEAC WorldBid Auction Platform: Overview of Sales Process: This is a Sealed bid auction.

  • If the development costs through an IT consultant were $50,000 and the state charged local districts $5 per administration, the system would break even at the 10,000 test mark.

  • Whereas the Price Sealed bid auction are commonly used in the government sector.

  • PREMIERE ESTATES Auction Platform: Overview of Sales Process: This is a Sealed bid auction.

  • They are described [129] as follows: Block generation bidding - In this bidding option, the amount of load demand awarded to generation bidders depend on several factors which include production cost estimates, variations in demand level, unit commitment costs and other economic considerations. Sealed bid auction - In this bidding option, generation bidders submit their bids to a pool operator to procure a certain amount of load which is forecasted by the pool operator.

  • Sealed bid auction of the old van took place in the presence of the Chairman and Clerk earlier this evening (3 June 2014).

  • Sealed bid auction with all offers due by September 13th, pre-auction offers are encouraged.

  • C.S.H.B. No. 3038 1 (13) "Sealed bid auction" means a sealed bidding 2 procedure that incorporates or allows for the competitive 3 increasing or decreasing of bids after the opening of sealed bids.

  • Which option do you think Nominet should introduce for contested expiring domains?(i.e. domains that have more than one party interested in registering them) [select one] • Option 1 (a): Ascending price auction • Option 1 (b): Sealed bid auction • Option 2: Economically controlled access to expiring domains 2.

Related to Sealed bid auction

  • Selected Bidder or Successful Bidder means the Bidder selected pursuant to this RfS to set up the Project and supply electrical output as per the terms of PPA.

  • Competitive Sealed Bidding means the competitive process described within an Invitation for Bids, wherein the City invites Offerors to submit bids to supply the City with the Goods and/or Service describes in the Solicitation document, where the City will award the resulting contract to the responsible Offeror submitting the low responsive bid.

  • Absolute Rate Auction means a solicitation of Competitive Bid Quotes setting forth Competitive Bid Absolute Rates pursuant to Section 2.03.

  • LIBOR Auction means a solicitation of Money Market Quotes setting forth Money Market Margins based on the London Interbank Offered Rate pursuant to Section 2.3.

  • Wholesale auction means an auction of motor vehicles restricted to sales at wholesale.

  • Submitted Bid has the meaning specified in Section 11.10(d)(i) below.

  • Designated Bidder means (a) an Eligible Assignee or (b) a special purpose corporation that is engaged in making, purchasing or otherwise investing in commercial loans in the ordinary course of its business and that issues (or the parent of which issues) commercial paper rated at least "Prime-1" (or the then equivalent grade) by Xxxxx'x or "A-1" (or the then equivalent grade) by S&P that, in the case of either clause (a) or (b), (i) is organized under the laws of the United States or any State thereof, (ii) shall have become a party hereto pursuant to Section 8.07(d), (e) and (f) and (iii) is not otherwise a Lender.

  • Qualified Bidder(s means a Bidder who fulfills the eligibility criteria listed out in the E-Auction Process Information Document.

  • Selected Bidder means the bidder who has been selected by DMRC, pursuant to the bidding process for award of license.

  • Failed Auction has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Dutch Auction means an auction (an “Auction”) conducted by Holdings or one of its Subsidiaries in order to purchase any Term Loans under a Tranche (the “Purchase”) in accordance with the following procedures or such other procedures as may be agreed to between the Administrative Agent and the Borrower:

  • Permitted Bid means a Take-over Bid made by an Offeror by way of take-over bid circular which also complies with the following additional provisions: (i) the Take-over Bid is made to all holders of Voting Shares as registered on the books of the Corporation, other than the Offeror; (ii) the Take-over Bid contains, and the take-up and payment for securities tendered or deposited is subject to, an irrevocable and unqualified provision that no Voting Shares will be taken up or paid for pursuant to the Take-over Bid: (A) prior to the close of business on the date which is not less than 105 days following the date of the Take-over Bid or such shorter minimum period that a take-over bid that is not exempt from any of the requirements of Division 5 Bid Mechanics of NI 62-104 must remain open for deposits of securities, in the applicable circumstances at such time, pursuant to NI 62-104 and (B) only if, at the close of business on the date the Voting Shares are first taken up or paid for under such Take-over Bid, more than 50% of the Voting Shares held by Independent Shareholders shall have been deposited or tendered pursuant to the Take-over Bid and not withdrawn; (iii) unless the Take-over Bid is withdrawn, the Take-over Bid contains an irrevocable and unqualified provision that Voting Shares may be deposited pursuant to such Take-over Bid at any time during the period of time described in Paragraph (A) and that any Voting Shares deposited pursuant to the Take-over Bid may be withdrawn until taken up and paid for; and (iv) unless the Take-over Bid is withdrawn, the Take-over Bid contains an irrevocable and unqualified provision that in the event that the deposit condition set forth in Paragraph (B) is satisfied the Offeror will make a public announcement of that fact and the Take-over Bid will remain open for deposits and tenders of Voting Shares for not less than 10 days from the date of such public announcement;

  • public auction means a method of sale where goods or services are offered by the trader to consumers, who attend or are given the possibility to attend the auction in person, through a transparent, competitive bidding procedure run by an auctioneer and where the successful bidder is bound to purchase the goods or services;

  • Auction shall have the meaning specified in Section 2.1 hereof.

  • Reverse auction means a purchasing process in which offerors submit proposals in competing to sell services or supplies in an open environment via the internet.

  • Supplier/ Successful or Selected bidder means the person, private or government entity, or a combination of the above, whose Bid to perform the Contract has been accepted by the Purchaser and is named as such in the Agreement, and includes the legal successors or permitted assigns of the successful/ selected bidder.

  • Proposal / Bid means the technical proposal and the commercial/financial proposal.

  • Invitation for Bid (IFB means the solicitation document issued to potential vendors for the purchase of equipment, supplies, and/or services as described in the document. The definition includes these Terms and Conditions as well as all Pricing Pages, Exhibits, Attachments, and Addendums thereto.

  • bid means a written offer in a prescribed or stipulated form in response to an invitation by an organ of state for the provision of goods or services, through price quotations, advertised competitive bidding processes or proposals;

  • Evaluated Bid means a Bid that factors each Respondent’s Base Bid including any alternates, deductive and additives selected by the City that will result in a weighed reduction based on that Respondent’s percentage of SBE participation, as defined by formula set forth in this chapter or in the SBE Regulations adopted pursuant to this chapter.

  • BC Bid means the BC Bid website located at www.bcbid.ca;

  • Qualified Bidder As defined in Section 7.01(c).

  • Competing Permitted Bid means a Take-over Bid that:

  • Interested Bidder means any person or persons who have submitted the Request Letter for Participation along with signed Bid Form, notarized affidavit, signed Declaration, requisite Earnest Money and other necessary documents to complete the eligibility check formalities to the satisfaction of the Liquidator.

  • Invitation to Bid (ITB) means a Solicitation Document for the solicitation of competitive, Written, signed and sealed Bids in which Specifications, price, and delivery (or project completion) are the predominant award criteria.

  • Winning Bidder With respect to a Successful Auction, the Qualified Bidder that bids the highest price.