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n.1.The act of offering for sale to the highest bidder.
Webster's Revised Unabridged Dictionary, published 1913 by G. & C. Merriam Co.
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El caso de la licitacion de la red troncal en Mexico: Lecciones para el Peru [The case of the backbone licitation in Mexico: Lessons for Peru].
Once you have the project approved, you need easily a year to start the licitation'.
Refer to: Licitation Publica International N[degrees] UCP/LPI/01/03.