Competitive bid - Hutchinson encyclopedia article about Competitive bid Printer Friendly
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procurement
(redirected from Competitive bid)

   Also found in: Medical, 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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Robert Scott, chairman of the Valley Industry and Commerce Association, sent the superintendent a letter urging him to consider putting cafeteria services out to competitive bid.
Comair managers say the airline's ability to offer a competitive bid depends on whether it wins concessions from its unions.
Trammell Crow Company was selected through a rigorous, competitive bid process and emerged as the best choice to help us achieve our aggressive cost-savings goals through better asset utilization, consolidation of existing facilities and reduced operating expenses," said Frank Boyer, EDS vice president and chief supply officer.
 
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