When bids are opened and examined by the company. If open bidding is allowed they can witness the event and inspect any bids. It its closed bidding than only staff […]
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B
BID PACKAGE
The full set of bidding documents required for a bid to be considered.
BID PRICE
The price a bidder offers for a job only valid in a specific time.
BID REQUIREMENTS
Written specifications needed ny an invitation to bid document.
BID RIGGING
When competitors increase prices of bids to customers. Its illegal. AKA bid suppression.
BID SAMPLE
A specimen of resources a bidder needs to submit in an invitation to bid.
BID SHOPPING
Putting one bidder against another to get lower prices. It can happen before or after submission.
BID SIZE
The shares currently offered for purchase. It is in units of 100.
BID SOLICITATION
Notifying potential bidders of an opportunity to bid on a project. It can be an invitation to bid, request of proposals, request for quotations, and a request for sealed bids.
BID THRESHOLD
The amount something must be bought through competitive bidding between 3 or more bidders.
BID-ASK QUOTE
A price thats the highest offered from an investor. It is also the lowest price a seller will take for unlisted securities. It leads to a stock quote . The […]
BID-TO-COVER
In the United States , the number of BIDS received in an auction of TREASURY BILLS, NOTES, or BONDS versus the number actually accepted. The higher the bidtocover ratio the […]
BIDAL, OR BIDALL
An invitation of friends to drink ale at the house of some poor man, who hopes thereby to be relieved by charitable contribution . It is something like “house-warming,” i. […]
BIDDER
One who offers to pay a specified price for an article offered for sale at a public auction . Webster v. French. 11 HI. 254.
BIDDING PERIOD
The days leading up to the bid date a perspective bidder can lodge a bid.
BIDDING REQUIREMENTS
The originators bid form, instructions, and standards needed for a bid to be considered.
BIDDING WAR
When two or more interested parties keep increasing offers to be the new owner. Its fast paced and less analyzed than the usual. The seller benefits from this process greatly […]
BIDDINGS
Offers of a designated price for goods or other property put up for sale at auction.
BIELBRIEF GERM
In European maritime law . A document furnished by the builder of a vessel, containing a register of her admeasurement , particularizing the length, breadth, and dimensions of every part […]
BIENES COMNNES
Common property ; those things which, not being the private property of any person, are open to the use of all, such as the air, rain, water, the sea and […]
BIENES GANANCIALES
A species of community in property enjoyed by husband and wife, the property being divisible equally between them on the dissolution of the marriage; does not include what they held […]
BIENES PNBLICOS
Those things which, as to property, pertain to the people or nation, and, as to their use, to the individuals of the territory or district, such as rivers, shores, ports, […]
BIENES SP
In Spanish law. Goods; property of every description , including real as well as personal property ; all things (not being persons) which may serve for the uses of man. […]
BIENNIAL
Something occuring every two years. Refer to biennium.
BIENNIALLY
This term, in a statute, signifies, not duration of time, but a period for the happening of an event; once in every two years. People v. Treuiain, 9 Hun (N. […]