Bid Amounts Sample Clauses
The 'Bid Amounts' clause defines the specific monetary values submitted by bidders in response to a solicitation or auction. It typically outlines how bids must be presented, the currency to be used, and any minimum or incremental requirements for valid bids. For example, it may require that all bids be in U.S. dollars and increase in set increments. This clause ensures transparency and consistency in the bidding process, preventing disputes over bid validity and facilitating fair competition among participants.
Bid Amounts. Bidders shall indicate in the appropriate blank spaces on the Bid Form the amounts for the base bid and any alternates, written with ink or typed, in both words and figures. In the event of a discrepancy between the words and figures expressed in the base bid or alternates, the word amount shall govern. Any unit prices for separate items as called for on the Bid Form shall be written with ink or typed in figures in the appropriate blanks.