投标

In Jiangsu Province promulgated "Foreign construction firms, construction management provisions into" requests, only enterprises in the province failed to meet the tender requirements, in order to allow foreign enterprises Senate bid; Taiyuan City, Shanxi Province and Taiyuan city where received "excellent project manager cards," in large, plus five hours in the field Accreditation of plus 2 hours lower probability of successful enterprise field; Shenzhen, Shanghai and other cities issued documents, only registered enterprises are eligible in the local tender for foreign enterprises in the past two years has stopped registration procedures.

在江苏省颁布的"省外施工企业进省施工管理规定"中要求，只有在省内企业满足不了招标要求时，才允许省外企业参中投标；太原市规定，凡在山西省或太原市领到"优秀项目经理证"的，在评标中加5分，在外地领证的加2分，降低外地企业的中标机率；深圳、上海等城市颁布文件，只有在当地注册的企业才有资格投标，近两年已停止办理外地企业注册登记手续。

China International Tendering Company is authorized by Beijing Haidian Environmental Sanitation Service Center to invite sealed bids from interest bidders for the Landfill Gas Control and Development Project of Beijing Haidian Liu Li Tun Refuse Landfill Site.

中技国际招标公司受北京市海淀区环境卫生服务中心委托，邀请有兴趣的投标人参加北京市海淀区六里屯垃圾卫生填埋场垃圾填埋气治理开发项目投资人招标的投标工作。

For this purpose, all expenses including the running costs and the fees of air tickets for the Smith International Co.

如有可能，投标人应在投标时提出他们最优惠的信贷条款和财政便利的详情。

Bidders should hold the principle of separation of technique and business in order to ensure the convenience of identification.

投标人在设备投标时需采取技术和商务两分离的原则，并注意确保容易识别。

In the part of empirical analysis of Chinese IPO first-day return, the difference between existing study and this study is that we use principal components analysis to extract from five factors to construct investors'sentiment index, add it to controled varibles, on which we examine the influence of offering mechanism on IPO first-day return. Moreover, we gather statistics and compare the IPO holding return for lockup period between fixed-price-class offering method and bookbuilding-class offering method, as well as price range between Chinese A-share market and Hongkong stock market, which prvide comprehensive evidence to appraise Chinese IPO bookbuilding mechanism. 2. Compare to the existing literatures which consider discount or allocation, incentive allocation and discount are considered at the same time in optimal mechanism design in this dissertation, and the offering bottom price is introduced to the price range. We investigate the relationship between price range and allocation quantity, and obtain the optimal price range and allocation strategy so that the advantages of independent allocation are reflected. On the other hand, the disadvantages of independent allocation are reflected in the manipulation in case of no restriction on IPO allocation. To distinguish from the existing literatures, bookbuilding mechanism is introduced to the model. We study the allocation strategy adopted by the underwriter in the pooling equilibrium of manipulation. In addition, we analyze the incentive compatibility conditions to which the existence of pooling equilibrium should satisfy and examine some factors'impact on the existence of manipulation.3. In bookbuilding without independent IPO allocation, Chinese realistic IPO background is considered and the condition of bookbuilding and fixed-price hybrid offering is added. Divide bookbuilding and fixed-price hybrid offering into sequential hybrid and simultaneous hybrid, and point out that the key points of subscription strategy in the two kinds of hybrid are different. Through modeling and simulation we obtain the impact of institutional investors'subscription strategy on bookbuilding without independent IPO allocation, which fill the gap in related research. Moreover, in the part of IPO bookbuilding with over-allotment option, the pricing strategy is divided into hot-IPO strategy and weak-IPO strategy. Take into account the procedure of Chinese IPO with over-allotment option, it presents how the underwriter determines the pricing strategy and what effect it brings to offering price and issue size through modeling and simulation. Therefore, it is instructive as a complement to existing literatures.

此外，对我国A股市场询价发行方式与固定价格发行方式下的IPO锁定期到期时持有收益率、以及我国A股市场与香港市场的询价发行价格区间进行了统计比较，为评价我国IPO市场的询价发行提供了比较全面的依据。2、相比已有文献仅考虑折价和分配中的一种激励措施，本论文在有自主配售权下的机制设计中并用了分配与折价两种激励措施，并且在价格区间的制定中引入发行底价，考察了价格区间与分配量之间的关系，得到最优的价格区间和分配策略，从中体现自主分配权的优点；在有自主分配权下的操纵行为研究中则体现了自主配售权的弊端，与已有文献不同的是，在模型中引入了累计投标询价机制，研究了承销商在混同均衡操纵中采取的分配策略，并对操纵存在的条件进行分析讨论，得出各个因素对混同均衡操纵存在的影响。3、在无自主分配权下的询价发行中，充分考虑了我国实际应用的背景，加入了与固定价格发售混合的条件，并将询价与固定价格混合发行分为序贯与同步两种方式，指出机构投资者在两种情况下申购策略的侧重点各有不同，通过对序贯混合发行方式下的网下累计投标策略以及同步混合发行方式下的资金分配策略的模型建立和数值仿真，考察了机构投资者申购策略对无自主分配权下的询价发行的影响，填补了相关研究文献的空白；在包含超额配售选择权的询价发行中，将发行定价策略分为热销策略和弱销策略，在考虑了我国含超额配售选择权的发行流程下，通过建模以及数值仿真得出承销商会对发行定价策略作出怎样的选取，进而会对新股发行价格、发售数量产生怎样的影响，对目前相关研究的缺乏做出了有益的补充。

We look forward to receiving your tender and the tender guarantee before that date, if you wish to clarify some problem, you must submit them in writing 21days before the deadline.

我们盼望在最后期限之前收到您的投标以及投标担保。如果您希望澄清某些问题，必须在最后期限的21天前以书面形式提出。

I that the Principal is in breach of his obligation under the underlying contract or, in the case of a tender guarantee, the tender conditions; and

i声明被担保人违反了基础合同项下的义务，或者，在投标保函的情况下，违反了投标条件；以及

According to the prevailing approach of International Project Management,review financial eligibility of bidders is effective to ensure tender guarantee,performance bond and payment.

根据国际工程管理的通行做法，对投标人进行财务资格预审是投标保证、履约保证和支付保证有效方式。

It depends on the quoted price of tender whether the constructive enterprises can win the bidding or not.

论文在系统分析影响企业投标决策的内、外部因素的基础上探讨投标策略。

The way and files of inviting tender of international construction project are introduced systematically, and The accustomed ways of different country in the world. The main content of international project tender price are summarized, and problems in tender price are analyzed.

3系统地介绍了国际工程项目施工招标方式和招标文件，介绍了世界不同地区工程招标的习惯方法，总结了国际工程投标报价的主要内容，并分析了国际工程投标报价中需要注意的问题。

Plunder melds and run with this jewel!

掠夺melds和运行与此宝石！

My dream is to be a crazy growing tree and extend at the edge between the city and the forest.

此刻，也许正是在通往天国的路上，我体验着这白色的晕旋。