preferred bidder

noun

  • Business (Corporate) Law/Company Law

Definitions of preferred bidder

  • a person or institution that makes an offer to provide a service, to do some building work, or to buy something etc and which is favoured or given priority over other bidders by the person or institution offering the work, sale, or shares etc

    Two councillors voted for Bonnyrigg Centre Trust Ltd as a preferred bidder.

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Phrase Bank for preferred bidder