Load More Close. About the show. NCIS follows a group of special agents led by Leroy Jethro Gibbs, a former Marine Gunnery Sergeant & experienced criminal investigator who is now a special agent solving crimes for the US Navy and Marine Corps. read more.
Competitive bidding Definition: A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. Nearby Terms Competition ahead Competitive bidders Competitive bidding Competitive offering Complementary Financing
competitive bidding. Transparent' procurement method in which bids from competing contractors, suppliers, or vendors are invited by openly advertising the scope, specifications, and terms and conditions of the proposed contract as well as the criteria by which the bids will be evaluated. Competitive bidding aims at obtaining goods and services at the lowest prices by stimulating competition, and by preventing favoritism. In (1) open competitive bidding (also called open bidding), the sealed bids are opened in full view of all who may wish to witness the bid opening; in (2) closed competitive bidding (also called closed bidding), the sealed bids are opened in presence only of authorized personnel.