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The quality of the first round of bids was lamentable.
The first round of bids is due Friday.
Last week the government announced the winners of the latest round of bids for oil exploration.
Any preliminary offer is nonbinding and is part of a only first round of bids.
A month later, a second round of bids was completed, with a fourth offer emerging.
The second round of bids for the development rights are due Tuesday.
After making the preliminary decision to sell the Telegraph, the CRC extracted a final round of bids and additional concessions.
After another round of bids, Genting won by offering the state a $380 million upfront fee, which it has paid.
The first round of bids, announced last summer, is scheduled to be concluded in the middle of 2009.
Pelham received its first round of bids long before any contractor was trying to recoup losses from higher steel costs.
The offer was one of several for the broadcaster when the second round of bids closed this week.
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