Competitive bid process definition

Competitive bid process means the procurement of goods or services that follows the guidelines outlined in 1 CSR 40.
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Competitive bid process means those processes and procedures applicable to the County in procuring goods and services under Missouri State bidding laws and applicable County Ordinances (Chapter 10). In obtaining bids under current County bid procedures and approving contracts and change orders for the Project reasonable best efforts will be taken to mitigate construction risks and costs, including using or requiring guaranteed maximum price (“GMP”) contracts, payments and performance bonds in an amount equal to the entire contracted amount of the respective part of the work and builder’s all risk insurance.
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Competitive bid process means an Informal Bid Process or a Formal Bid Process.
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Examples of Competitive bid process in a sentence

  • Procedures for negotiating with vendors.Whereas, negotiations are not allowed with the Competitive bid process, negotiations are an integral part of the RFP/CSP process.

  • The Petitioner has been designated as the nodal agency for implementation of scheme for setting up of ISTS connected/ State specific solar/ wind power projects under Tariff Based Competitive bid process; enter into PPAs at the tariff discovered in the competitive bid process; and enter into PSAs with the distribution licensees to enable them to fulfill their Renewable Purchase Obligations under Section 86(1)(e) of the Act.

  • The Blackout Period Competitive bid process for actuarial services and associated health benefit consulting services will commence on December 8, 2022, and conclude after the Health Service Board's final approval in June 2023.2. The Blackout Period Annual Rates and Benefits for the 2024 plan year will commence on December 8, 2022, and conclude after the Board of Supervisors' final approval of the health plan rates and benefits in July 2023.

  • Purchase of Professional Service > $100,000; or Construction > $2,500,000 Bidding: Use one of the following: Competitive bid process or RFP in compliance with Utah Code 63G-6a sections 601–612 and 701–711.

  • Competitive bid process is not required when utilizing SFA for the purchase of meals if the SFA is self-operated or not under a food service management company.

  • Competitive bid process for the purchase of goods and/or services totaling $10,000 or more.

  • Consulting Service Procurement must be bid through an Invitational ($0 to $100,000) or Competitive bid process (>$100,000).

  • Chaurjahari Municipality invites Electronic bids for eligible bidders for the procurement of following Municipal Hospital Equipment under National Competitive bid process.

  • Expenditures of more than $2,000 must be approved by the Library Director together with the Chairperson or Vice-Chairperson of the Library Board.• Travel – All travel expenditures must be pre-approved by the Library Director. Competitive bid process – A competitive bid process shall not be required for single purchases or expenditures of $2,000 or less.

  • Recently, in a reverse auction Competitive bid process conducted by SECI for setting up of 1 GW Wind Power projects as per MNRE guidelines, the wind tariff rates discovered of Rs.2.64 per unit.


More Definitions of Competitive bid process

Competitive bid process means a transparent procurement
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