If one fails to win the award, the cash deposit or the letter of guarantee shall be returned to the bedder within one week after the decision on award is declared.
Germany's new offshore-wind-tender system makes bidders compete over how much they are willing to pay to run projects, a system known as " negative bidding" .
They soon found that, instead of the furniture, their own personal histories and past conduct began to be discussed to an unexpected and intolerable extent by the intending bidders.
The art table was the most attractive in the room. There was a crowd about it all day long, and the tenders were constantly flying to and fro with important faces and rattling money boxes.
A " plant" is a person in a group who tries to fool or trick people – someone who is working, in this case, with the auctioneer to pretend that he is a real bidder.