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Sealed Bid Application Form for HalterShow Superintendent

Sealed Bid Application Form for HalterShow Superintendent

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- WELCOME TO A LESSON ON THE SEALED BIDS METHOD OF FAIR DIVISION. THE SEALED BIDS METHOD PROVIDES A METHOD FOR DISCREET FAIR DIVISION, ALLOWING FOR THE DIVISION OF ITEMS THAT CANNOT BE SPLIT INTO SMALLER PIECES, LIKE A HOUSE OR A CAR. THE METHOD DOES REQUIRE ALL PARTIES TO HAVE A LARGE AMOUNT OF CASH AT THEIR DISPOSAL TO BALANCE OUT THE DIFFERENCE IN ITEM VALUES. THIS METHOD CAN BE USED FOR SUCH THINGS AS A DIVORCE SETTLEMENT OR DISSOLVING BUSINESS ASSETS. THE METHOD BEGINS BY COMPILING A LIST OF ITEMS TO BE DIVIDED, AND THEN STEP ONE, EACH PARTY INVOLVED LISTS IN SECRET A DOLLAR AMOUNT THEY VALUE EACH ITEM TO BE WORTH. THIS IS THEIR SEALED BID. TWO, THE BIDS ARE COLLECTED FOR EACH PARTY. THE VALUE OF ALL THE ITEMS IS TOTALED, AND DIVIDED BY THE NUMBER OF PARTIES OR PLAYERS. THIS DEFINES THEIR FAIR SHARE. THREE, EACH ITEM IS AWARDED TO THE HIGHEST BIDDER. FOUR, FOR EACH PARTY THE VALUE OF ALL ITEMS RECEIVED IS TOTALED. IF THE VALUE IS MORE THAN THAT PARTY'S FAIR SHARE, THEY PAY

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