Sealed bid form template 2025

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The document outlines the terms and conditions for a sealed bid auction conducted by the Village of Poplar Grove, Illinois, for surplus property. It specifies the closing date for bids, inspection procedures, payment methods, and responsibilities of the buyer regarding the purchase of items in 'as is' condition. The document emphasizes that there are no warranties on the property and details the process for bid submission and opening.

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What is the closing date for submitting bids?

The closing date for submitting bids is October 30, 2013, at 4:00 pm (CT).

How can I inspect the surplus property before bidding?

You can inspect the property by contacting Jeff Strate, Public Works Director, at (815) 742-0418 to arrange an appointment.

What forms of payment are accepted for the bid?

Payment can be made by cashier’s check, certified check, money order payable to the Village of Poplar Grove, or by Visa or MasterCard.

Can I submit my bid electronically?

No, bids cannot be submitted electronically and must be delivered in a sealed envelope either by mail or in person.

When will the bids be opened?

Bids will be opened at Village Hall on October 31, 2013, at 10:00 AM.

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What is the fair division method of sealed bids?

Summary of the Method of Sealed Bids: For each player find the sum of the bids and divide this sum by the number of players to find the fair share for that player. Find the difference (fair share) (total of items awarded) for each player. If the difference is negative, the player owes the estate that amount of money.

How to do sealed bids method?

9.1 The Sealed Bids Method of Fair Division Each party involved lists, in secret, a dollar amount they value each item to be worth. The bids are collected. Each item is awarded to the highest bidder. For each party, the value of all items received is totaled.

How do I make a bid form?

Here are the key elements every bid proposal should include: Clients name and contact information. Your business name and contact information. A detailed project description. Services or products provided. Pricing estimate. Terms and conditions. Estimated timeline.

What are the 5 steps involved when using sealed bidding?

The following steps are involved: (a) Preparation of invitations for bids. Invitations must describe the requirements of the Government clearly, accurately, and completely. (b) Publicizing the invitation for bids. (c) Submission of bids. (d) Evaluation of bids. (e) Contract award.

What is the sealed bids method to divide assets?

The Sealed Bids method provides a method for discrete fair division, allowing for the division of items that cannot be split into smaller pieces, like a house or a car. Because of this, the method requires that all parties have a large amount of cash at their disposal to balance out the difference in item values.

Sealed bid form template 2025

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What is the closing date for submitting bids?

How can I inspect the surplus property before bidding?

What forms of payment are accepted for the bid?

Can I submit my bid electronically?

When will the bids be opened?

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