What is a competitive bid?
Competitive bids are private bids that are provided to an issuer by an underwriter. The terms and conditions associated with the competitive bid are sealed, and therefore only known by the underwriter and the issuer. This process of submitting a sealed bid helps to ensure that the offers received from underwriters are judged on their own merits, and are not the result of negotiations between the issuer and the underwriters. The competitive bid is normally a process that is open to only a select number of underwriting entities. Essentially, an entity that is about to issue some type of new securities will contact underwriters and invite them to submit sealed bids. Often, the entity will include an outline for the format that is required to participate in the bidding process. This formal request for bids helps to keep the structure of each submitted competitive bid uniform with all other sealed bids that are received. Once the issuer receives a competitive bid, the process of evaluation
In a Treasury auction, a competitive bid specifies the rate or yield expected for a security. Bids lower than the accepted rate receive the accepted rate. Bids higher than the accepted rate are rejected. Competitive bidding is only available in the Commercial Book-Entry System. How do I place a noncompetitive bid in my TreasuryDirect account? Go to Buy Direct and select the product type/term, amount, and frequency. We’ll automatically set up your purchase request for the next available auction based upon the date(s) you request. May I bid noncompetitively and competitively in the same auction? No. You may only bid either competitively or noncompetitively in the same auction. What is the minimum amount I may bid in an auction? You may only purchase Bills, Notes, and TIPS in $1,000 increments. What is the maximum amount I may bid in an auction? You may only purchase $5 million for each security type in a single auction. What happens if I don’t submit a purchase request in time for a sche
If you have a wood destroying pest and organisms report by another company, send it to us along with their prices and we will do our best to try and get you a lower price on the work and even waive our inspection fee. We must have their report prior to doing the inspection so our owner can look it over to ensure that we can save you the most money possible. Also please note that a one page bid sheet is not a wood destroying pest and organism’s report and will not qualify for a competitive bid. Q: How can I submit my competitive bid ? A: You can send competitive bids to: E-mail: Ablexterm@aol.com or Fax: 408-251-3652 Please make sure that you give your name and number so we can setup an appointment to do the free inspection. Q: Even with a competitive bid you still have to do the inspection? Someone else already identified the termites. A: The law says that we cannot work off of another companies report. We also offer alternative treatments to fumigation that your property might be a go
