And over the past six months, agencies have been making cuts by looking for better deals, by ending contracts and doing work in house, and by opening up no-bid contracts to competitive bidding.
Furthermore, we will not insist upon providing for a break-up fee in the transaction so as not to provide a roadblock to others who may want to consider bidding higher than our bid.
Like the real auction, the mock auction will have anonymous bidding, which means companies will know the amount of the highest bid and whether they submitted it, but not who they're bidding against.
There are many rounds of bidding and market participants value each potential bid differently based on their own technology, their own spectrum holdings, and how they foresee building out the spectrum.
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When London began its bid for the Olympics in 2006, local teams simultaneously began bidding for tenant rights to the stadium once the games were over.
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This error seems to have occurred both when Virgin was eliminated from the bidding contest, and when First Group's bid was reassessed against the Department's own forecasting model for future revenues.
Companies are limited to bidding for one licence per region, but they can bid in as many regions as they want.
Rather, its bid for Paribas was a necessary corollary, given French takeover regulations, of bidding for SocGen.
Bidding was just as robust at the Sotheby's (nyse: BID - news - people ) St.
Strict bidding rules prohibit bidding cities from criticising each other, and the IOC indicated that bringing the five bid leaders together in the same room for the discussion in Turin would be unacceptable.
Lottery Commission chairman Lord Burns was asked on Tuesday to take a fresh view of the bidding, after a process in which Camelot won a High Court battle claiming its bid had not been fairly treated.
Sanofi's bid for Aventis has put both companies in play, and all of the ingredients for a competitive bidding war are there.
In that case, anti-trust concerns slowed the pace of bidding, with EMC waiting to get anti-trust approval before submitting its final, revised bid.
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Although Vodafone would have no immediate answer to AirTouch's home-market difficulties, its rival bid offers bags of potential in faster-growing Europe, where both firms have invested keenly, often bidding for licences against each other.
Chrysler wants the U.S. Bankruptcy Court to approve bidding rules for the auction that would require creditor objections to be submitted by May 11 with the competing bid deadline set at May 15.
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