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For example, the established procedures for the FCC's 2018 5G Spectrum Auction 101 state that at any time before or during the bidding process, the Bureau may delay, suspend, or cancel bidding in the auction in the event of a natural disaster, technical obstacle, network interruption, administrative or weather necessity, evidence of an auction ...
The FCC placed rules on public safety for the auction. 20 MHz of the valuable 700 MHz spectrum were set aside for the creation of a public/private partnership that will eventually roll out to a new nationwide broadband network tailored to the requirements of public safety. The FCC offered the commercial licensee extra spectrum adjacent to the ...
Because the incentive auction was a reverse auction, even these prices were the highest possible. [46] On July 16, the FCC planned to make final the rules of the auction, including requiring stations to move to their new channels 39 months after the auction, and no reserved channel for noncommercial broadcasters. [47]
Auction rules define the type of auction, starting date, closing rules, and other parameters. Scheduling and advertising, as well as grouping of items of the same category to be auctioned together, is done to attract potential buyers. Popular auctions can be combined with less-popular auctions to persuade people to attend the less popular ones.
Applicable margin reset (AMR) is a procedure developed to provide an alternative to refinance the interest rate on the outstanding rated classes of collateralized loan obligation (CLO) securities. AMR utilizes a modified Dutch auction procedure to set the new interest rate on each participating class of CLO securities. [1] [2] [3]
Auctioneer – the person conducting the actual auction. They announce the rules of the auction and the items being auctioned, call and acknowledge bids made, and announce the winner. The auctioneer can sometimes just be the owner of the business, in which case they may hire a bid caller/s to announce the rules and call bids.
For business auctions, the term refers to a specific type of auction process (also called e-auction, sourcing event, e-sourcing or eRA, eRFP, e-RFO, e-procurement, B2B Auction). Open procurement processes, which are a form of reverse auction, have been commonly used in government procurement and in the private sector in many countries for many ...
Joint bidding, [6] appearing in procurement tendering and auctions, is the practice of two or more similar firms submitting a single bid. Bidding consortia among potential competitors are the most common in public and private procurement and were used by some oil companies in U.S. auctions for offshore leases.
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