Word: bidders
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Soviet willingness to buy Egypt's cotton at uneconomic prices gives its salesmen a vital edge. Thus a French firm that was a low bidder on a contract for diesel engines lost out when Hungary promised to accept payment for the job in cotton. All told, cotton shipments account for 90% of Egypt's total exports. This year the Soviet bloc will take well over half of them...
...been waiting for. They had heard about Ronnie for years (TIME, July 12, 1954). As a teen-age star, he had traipsed from one high school to another while his vastly ambitious stepfather hand-picked his coaches. As a college freshman, he had been auctioned off to the highest bidder and gone to the University of California at Berkeley. But Stepfather Harvey had not been pleased when Ronnie was treated as something of a rookie. Last year he brought his boy south to U.C.L.A., casually tossed away a year of Ronnie's eligibility to get him the chance...
...company spent some $60,000 to prepare its bid. It was the lowest received and it met specifications. Under ordinary circumstances, Defense Secretary Charles Wilson would have been required to accept the British bid. English Electric's offer was 16% ($964,000) below that of the lowest U.S. bidder, and U.S. purchasing officers must generally award contracts to foreign firms that underbid U.S. companies by at least...
...columns and in ads in British and U.S. dailies, Canada's biggest and most influential morning newspaper this week announced that it is for sale. The Toronto Globe & Mail (circ. 236,593), which many newsmen consider the New York Times of Canada, will be sold to a "responsible" bidder by the estates of George McCullagh and William H. Wright. Already mentioned as possible buyers: Roy H. Thomson, Canada's biggest newspaper publisher (TIME, Sept. 14, 1953), and Texas Millionaire Clint Murchison, whose property includes half interest in the big Trans-Canada Pipe Lines Ltd. Estimated minimum acceptable price...
Formerly, Government agencies were virtually required to grant a contract to a U.S. bidder if his bid was no more than 25% above that of a foreign bidder. Although the Administration has already lowered this percentage informally, on occasion (TIME, Nov. 29), the new regulations officially set a new differential of less than 10%. Under the new order, a domestic bid can be thrown out in favor of a foreign company if 1) the domestic bid is more than 106% of the foreign delivered price (including tariff, freight in the U.S., etc.), or 2) exceeds the delivered-price foreign...