The
bidder should have a hiring agreement with the owners of vehicles which are offered to be
Bidders who cannot give a clear certificate will need to to provide an "explanatory statement" setting out any mitigating factors - for example, the
bidder no longer engages in tax planning.
Bidders who have more experience in the Internet auction market may value the seller's reputation more highly than
bidders who have little or no experience in the market.
Imagine that your company was the low
bidder on a multi-million dollar project and you were anxious, after learning that the award was "held up" for an undetermined reason, to obtain more information from the agency.
In a statement, Formation Capital said it will evaluate BEI's auction process "to satisfy ourselves that all
bidders participating in the process will be treated fairly and equally.
eBay asks the
bidders to submit maximum bids (called proxy bids) and explains that "eBay will bid incrementally on your behalf up to your maximum bid, which is kept secret from other eBay users.
Those rules require all
bidders to pay their full bid in the event the commission is ultimately successful in its litigation and the licenses are issued.
Leslie Dick's suit, meanwhile, alleges that it was actually the highest
bidder with a final bid of $1.
In the end, he found three
bidders but disqualified one Wednesday over a conflict of interest problem.
The remaining prospective
bidders will receive a very cursory description of the selling company and will be offered a more in-depth offering memorandum if they sign a confidentiality agreement.
In more formal terms and using i as an index to represent the
bidders in the auction,
