Bidding Process Quotes

I knew I could get a better price without calling for bids

We're more familiar with what economists call an English auction - prices start low and rise as people bid. However, there is also the Dutch auction, where prices start high and go lower until somebody bites. Movies are sold to the audience via a very slow Dutch auction, where each phase between price drops can last weeks or months.

Auction houses run a rigged game. They know exactly how many people will be bidding on a work and exactly who they are. In a gallery, works of art need only one person who wants to pay for them.

I recall a lecture by John Glenn, the first American to go into orbit. When asked what went through his mind while he was crouched in the rocket nose-cone, awaiting blast-off, he replied, "I was thinking that the rocket has 20,000 components, and each was made by the lowest bidder."

The integrity of the federal procurement system needs to be protected so that the public has confidence in government contracts, and small businesses have every opportunity to compete.

It's a very sobering feeling to be up in space and realize that one's safety factor was determined by the lowest bidder on a government contract.

Of course we want to pocket Fisker. But we will bid rationally. Whatever the result, nothing can stop us from making electric cars.

Pharma has a lot of lobbies and a lot of lobbyists and a lot of power and there's very little bidding on drugs. America is the largest buyer of drugs in the world and yet we don't bid properly and we're going to start bidding and we're going to save billions of dollars over a period of time.

An auctioneer is a man who proclaims with a hammer that he has picked a pocket with his tongue.

Yes, I direct commercials as well. I get these really weird offers and then I have to bid on them and win the job. One offer that I have now, and I've already done this last year for the same company, is for Cash Value Cheese, this cheese out in the midwest. I did two spots for them last year and I'm going to probably do three this year. I also did some for the Utah Transit Authority, which was weird and interesting and they turned out really funny - they actually won an award.

When I do ties, I bid them out.

My agent and I put out my proposal one Thursday afternoon in August, 1998. Publishers started bidding immediately, and that process progressed for a few days.

Another point is that ultimately, as far as the budget is concerned, of major importance is who offers more money during the bidding that must be organized as a part of the privatization process. In this sense, we cannot discriminate against any market participants, not one of them, but this is not relevant at the moment, as the Government has decided to postpone the privatization of Bashneft.

It's not that I don't want to, it's just that there's no money in it. By that I mean the way the video business works now, the artist and the record label send out a song to a bunch of different directors and say, 'What would you do with this?' Then everyone has to come up with an idea and bid on it. For me, it's like, 'Hey, you want me to do it? Then pay me. I'm not auditioning for you.'

The international game has changed for bidding cities.

Auctions are bizarre combinations of slave market, trading floor, theatre and burlesque... a lot of people are going to be making a lot of excuses or maintaining that they were never part of this.

I don't pitch for contracts.

You can't sell thermal power without the competitive bidding.

Wind developers have realised the importance of transparent method of price discovery, which was demonstrated in the solar sector. They realise that bidding brings in efficiency, and tariff is right-sized.