No login? Click here
AcuBids.Com has developed a simple and easy to use bid platform that saves time, is simpler to use and improves the efficiency and fairness of the competitive sealed bidding process. Our Services are divided into five different asset groups (referred to as the "Asset Categories") covering a wide range of financial products.
We have designed a sealed bid Asset Category to assist banks and other financial institutions who originate government guaranteed SBA and USDA loans. Our patent pending sealed bid portal provides arms-length, unbiased bidding method that guarantees positive results in a simple, straightforward manner.
The Government Guaranteed Loans in this Asset Category are guaranteed by either USDA or SBA and have many common characteristics. They are most often variable rate with terms in the range of 5 to 30 years. Most loans contain early call protection with prepayment penalties that allow the originator to demand a higher sale price for the guaranteed portion of the loan. All bids are made in complete anonymity with only the name of the best bid being publicly disclosed following bid opening.
We have designed the sealed bidding portal to allow for the competitive sealed bidding of government leases that are federal tax-exempt. Often federal state and local governments require public sealed bid opening of lease bids to finance the acquisition of assets being lease purchased. These leases are typically for depreciable assets with an assigned useful life that closely match the lease repayment period. Municipal leases are used as a cash management tool to better budget capital expenditures. All bids are publicly opened and listed by name and bid price.
We have designed the AcuBids portal to create a very simple data entry and bid request format that complies with federal and state law while providing a documented audit trail of bids received. The process is very simple and bids are electronically signed, sealed, submitted and opened publicly at a predetermined time showing a record of bidders and their respective bids within seconds of the bid opening time. Bidders are pre-qualified and are accredited investors as defined under Regulation D of the Securities Act.
Underwriters may choose to pre-mail a Good Faith Deposit Check to the issuer or use a third party surety bond provider to deposit a Good Faith Deposit check with the issuer on their behalf. These services are available by FSA and other companies offering this type of Internet-based service to simplify the process of submitting good faith deposits.
Request for Bids for financial services has always been a very labor and time consuming process. If all of the financial advisory, legal, trustee bank, underwriting and other financial services proposals were stacked, one on top of the other, the stack would often be five feet thick. The volume of paper responses on large state bond issues is overwhelming. Our electronic system assist issuers with an electronic method of receiving request for proposals, and grouping those proposals based on certain bid criteria the issuer selects. This process is simple and provides an audit trail with electronic reports designed for government board approvals.
There are multiple types of financial assets that can be put out for Sealed Bid using our patent pending software. Certificate of Deposits, Guaranteed Investment Contracts and Tax Warrants to only mention a few. If you have any type of financial transaction that requires competitive sealed bidding, please contact us.