Definitions for "Competitive bidding"
A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell.
see tendering
Contractors are required to calculate their own estimate of the cost of the construction (inclusive of anticipated overheads and profit margin) and to submit a sealed "tender" bid according to a required format in competition with other contractors.
Interest peddling Systemic corruption
Keywords:  auction, see
See: Competitive auction.