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noncompetitive bid

   Also found in: Financial 0.01 sec.
non·com·pet·i·tive bid  (nnkm-pt-tv)
n.
A method of purchasing U.S. Treasury bills at the weekly public auction by agreeing to purchase a given amount of securities at the average price set at the auction.


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taxes and then, as vice president, saw Halliburton become one of the greatest beneficiaries of the Iraq war through its noncompetitive bid contracts.
Congressman Bob Ney, currently in prison for corruption, arranged a noncompetitive bid for the Israeli telecommunications company Foxcom Wireless to install equipment to improve cellphone reception in the Capitol and House office buildings.
The former Marsh managers are accused of colluding with insurance executives to arrange noncompetitive bids and then conveying these bids to clients under false pretenses.
 
 
 
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