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procurement
(redirected from Competitive bid)

    Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.

procurement

Obtaining stock and plant for the purposes of production. The Internet has simplified the procurement of stock. A number of industry-specific vertical portals facilitate electronic procurement.



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? Mentioned in ? References in periodicals archive
 
The Round One competitive bidding process resulted in average savings of 26% compared to the prices Medicare would have paid for the competitive bid items under the existing DMEPOS fee schedule in 2008.
DMEPOS Rebid education: supplier bid window opens this fall by Long-Term Living
Therefore, the Florida statute restricting competitive bids for accounting services was unconstitutional.
Florida court sends mixed message on solicitation ban by Baliga, Wayne J. / Journal of Accountancy
Under these projects, only suppliers that met the demonstration's quality standards and submitted competitive bids could serve Medicare beneficiaries using selected products in the demonstration areas - usually at rates significantly below the Medicare fee schedule amounts.
CMS Issues Proposed Rule to Implement Medicare Competitive Bidding ... by Carder-Thompson, Elizabeth / Mondaq Business Briefing
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