The phrase "a preferred bidder for" is correct and usable in written English.
It can be used in contexts related to auctions, tenders, or procurement processes where a specific bidder is favored for a contract or project.
Example: "After reviewing all proposals, the committee has selected XYZ Corporation as a preferred bidder for the new construction project."
Alternatives: "a favored bidder for" or "a selected bidder for".
The next step is for administrators to name a preferred bidder for Rangers.
"Exclusive negotiations continue with a preferred bidder for the disposal of the group's interest".
Rangers administrators Duff & Phelps have been forced to delay the announcement of a preferred bidder for the club due to proposed changes to Scottish Premier League rules.
A rushed timetable was drawn up which involved naming a preferred bidder for the contract on 11 July and signing a transitional agreement on 6 October.
Meanwhile, Germany's government delayed a decision to pick a preferred bidder for GM's Opel division after GM sought more cash to keep Opel running.
British staff say Tata was a preferred bidder for their firms because it could be relied upon to support research and product development.
Fearing that their intervention might influence the government and the London Mayor, who must ratify the OPLC's decision on a preferred bidder, Levy last week called for it to be made on "economic" rather than "political" grounds and hinted that Spurs would take the case to judicial review if they lost.
"We believe the best solution to end uncertainty is for a preferred bidder to be appointed and an agreement with creditors to be reached," added Wishart.
A preferred bidder to take over future care for disabled children in Devon will be announced on Thursday.
"Bids have inevitably been the subject of widespread comment and speculation but at this stage it would be unwise to perceive any particular party to be a preferred bidder, and the bidding process remains open for all parties until 4 April".
Ally McCoist, the Rangers manager, yesterday called for administrators to name a preferred bidder as soon as possible after expressing concerns over the protracted nature of the bidding process.
