Competitive Bidding

Competitive Bidding
  This is a procedure that utilities use to select suppliers of new electric capacity and energy. Under competitive bidding, an electric utility solicits bids from prospective power generators to meet current or future power demands. When offers from independent power producers began exceeding utility needs in the mid-1908's, utilities and state regulators began using competitive bidding systems to select more fairly among numerous supply alternatives.

Energy terms . 2014.

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  • competitive bidding — Such bidding generally encompasses the submission of bids to complete a project and an award of the contract to the responsible bidder best able to complete the project in a manner which is financially most advantageous to community. Marriott… …   Black's law dictionary

  • competitive bidding — Such bidding generally encompasses the submission of bids to complete a project and an award of the contract to the responsible bidder best able to complete the project in a manner which is financially most advantageous to community. Marriott… …   Black's law dictionary

  • Competitive bidding — A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. The New York Times Financial Glossary …   Financial and business terms

  • competitive bidding — A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. Bloomberg Financial Dictionary …   Financial and business terms

  • Competitive Bidding — ⇡ Ausschreibung …   Lexikon der Economics

  • International Competitive Bidding - ICB — In financing arrangements involving the World Bank, a bidding process that requires the borrower to procure resources funded by its loan according to a number of specified conditions. ICB requires World Bank borrowers to internationally advertise …   Investment dictionary

  • competitive — I (antagonistic) adjective adverse, at issue, at variance, challenging, clashing, colliding, combatant, combative, combatting, competing, competitor/, conflicting, contending, contentious, contrary, counteractive, decided by competition vying,… …   Law dictionary

  • Competitive offering — An offering of securities through competitive bidding. The New York Times Financial Glossary …   Financial and business terms

  • competitive offering — An offering of securities through competitive bidding. Bloomberg Financial Dictionary …   Financial and business terms

  • Bidding — is an offer (often competitive) of setting a price one is willing to pay for something. A price offer is called a bid . The term may be used in context of auctions, stock exchange or card games. Bidding up means rising a price for an item by a… …   Wikipedia

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