Definitions for competitive bidding
com·pet·i·tive bid·ding

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1. competitive bidding

   Procurement is the method of discovering and agreeing to terms and purchasing goods, services, or other works from an external source, often with the use of a tendering or competitive bidding process. When a government agency buys goods or services through this practice, it is referred to as public procurement.Procurement as an organizational process is intended to ensure that the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing risks such as exposure to fraud and collusion. Almost all purchasing decisions include factors such as delivery and handling, marginal benefit, and fluctuations in the prices of goods. Organisations which have adopted a corporate social responsibility perspective are also likely to require their purchasing activity to take wider societal and ethical considerations into account. On the other hand, the introduction of external regulations concerning accounting practices can affect ongoing buyer-supplier relations in unforeseen manners.

U.S. National Library of MedicineRate this definition:0.0 / 0 votes

1. Competitive Bidding

   Pricing statements presented by more than one party for the purpose of securing a contract.

How to pronounce competitive bidding?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say competitive bidding in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of competitive bidding in Chaldean Numerology is: 5

2. Pythagorean Numerology

   The numerical value of competitive bidding in Pythagorean Numerology is: 6

Examples of competitive bidding in a Sentence

1. Lee Zeldin:

   Kathy Hochul’s campaign receives $300,000 from a donor, and then going around and circumventing New York’s competitive bidding laws, they end up agreeing to an over $600 million contract, paying over twice the going rate, kathy Hochul’s approach to this job is one of selling access in a way that even Andrew Cuomo would never even think of. This crosses all sorts of lines. And it must be investigated. There are so many aspects of this $600 million COVID deal that I absolutely would not have signed off on.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Competitive_Bidding