Easiest to explain with an eg
Shell wants to drill in a new field in the Gulf of Mexico. They put the contract out to tender and Saipem submits a tender which includes a MCE build price for buoyancy. That is bid to bid. It can be quite preliminary hence included in the FEED stage.
Shell awards a contract to Saipem to drill a new field in the Gulf of Mexico. Saipem then goes to MCE and asks them to price up a contract for buoyancy products. That is bid to contract. The work is there and someone will have to do it, and there are only MCE and two others who can win the contract.
Ann: Matrix Awarded New Riser Buoyancy Contract, page-10
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Last
33.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $71.35M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 33.5¢ | 32.5¢ | $7.889K | 24.09K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 32940 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 23801 | 1 |
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| Last trade - 12.51pm 30/05/2024 (20 minute delay) ? |
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Last
33.0¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 33.0¢ | 33.0¢ | 33.0¢ | 13140 | ||
| Last updated 12.49pm 30/05/2024 ? | |||||
| MCE (ASX) Chart |