Webbid noun [C] (ATTEMPT) C2 an attempt to achieve or get something: Her bid for re-election was unsuccessful. The company has managed to fight off a hostile takeover bid (= an … WebCover (also called complementary, courtesy, token, or symbolic) bidding is the most frequent way in which bid-rigging schemes are implemented. It occurs when individuals …
What Is Bid Rigging? Definition of Bid Rigging in Construction
Webcover verb (BE/GIVE ENOUGH) C1 [ T ] to be or give enough money to pay for something: The selling price barely covered the cost of the raw materials. For some writers, having … WebExamples of Bid Cover Sheet in a sentence. Bidders must submit an original and one copy including all required materials for acceptance of their bid by the date and time listed on the Bid Cover Sheet.. For information regarding the date, time, and place of the conference(s), sees the Bid Cover Sheet.. The percentage price preference for this solicitation is stated … lyrics of vibe killer
Construction Contract Allowances: Everything to Know
WebBid-to-Cover Ratio. In the auction of U.S. Treasury securities, the ratio of the bids received in the auction to the number of bids actually accepted. The bid-to-cover ratio is an … WebAs used in this part-Attorney-in-fact means an agent, independent agent, underwriter, or any other company or individual holding a power of attorney granted by a surety (see also "power of attorney" at 2.101).. Bid means any response to a solicitation, including a proposal under a negotiated acquisition.See the definition of "offer" at 2.101.Bid … WebFeb 4, 2024 · Cover bidding or complementary bidding. This is the practice of submitting bids that are intended to be rejected in order to create the appearance of a competitive market while still ensuring that the pre-selected bid is chosen. Complementary bidding is the most common form of bid rigging, according to the Department of Justice. Bid suppression. lyrics of video killed the radio star