BID EVALUATION PROCESS Sample Clauses
BID EVALUATION PROCESS. The State shall review all Vendor responses to this IFB to confirm that they meet the specifications and requirements of the IFB.
a) Bids are requested for the items as specified. The State reserves the right to reject any bid on the basis of fit, form and function as well as cost. All information furnished on this bid may be used as a factor in determining the award of this contract.
b) Bids will be received from each responsive Vendor in a sealed envelope or package.
c) All bids shall be received by the issuing agency not later than the date and time specified on the cover sheet of this IFB.
d) At that date and time specified as the bid opening, the package containing the bids from each responding firm will be opened publicly and the name of the Vendor and the price(s) bid announced.
e) The State shall review all Vendor responses to this IFB to confirm that they meet the specifications and requirements of the IFB.
f) For all responses that pass the initial review process, the State will review and assess the Vendors’ pricing. The State may request additional formal responses or submissions from any or all Vendors for the purpose of clarification or to amplify the materials presented in any part of the bid. Vendors are cautioned, however, that the State is not required to request clarification, and often does not. Therefore, all bids should be complete and reflect the most favorable terms available from the Vendor. Prices bid cannot be altered or modified as part of a clarification. Vendors are cautioned that this is a request for offers, not an offer or request to contract, and the State reserves the unqualified right to reject any and all offers at any time if such rejection is deemed to be in the best interest of the State. The State reserves the right to reject all original offers and request one or more of the Vendors submitting bids within a competitive range to submit a best and final offer (BAFO), based on discussions and negotiations with the State, if the initial responses to the IFB have been evaluated and determined to be unsatisfactory. Upon completion of the evaluation process, the State will make award(s) based on the evaluation and post the award(s) to IPS under the IFB number for this solicitation. Award of a Contract to one Vendor does not mean that the other bids lacked merit, but that, all factors considered, the selected bid was deemed most advantageous and represented the best value to the State.
BID EVALUATION PROCESS. The City is requesting pricing on the following three (3) contract term options:
1. Option 1: One-year base term with four (4) additional one-year options
BID EVALUATION PROCESS. The City is requesting pricing on the following three (3) contract term options:
1. Option 1: One-year term
2. Option 2: Three-year term (paid annually)
3. Option 3: Three-year term (paid upfront) Term Option Details: In lieu of a one-year term (Option 1), the City is willing to commit to a three-year term paid annually at the beginning of each year (Option 2). The City is also willing to consider paying the three-year term upfront at the beginning of year 1 (Option 3). The three-year commitment option will be dependent upon the pricing provided by bidders. The three-year commitment, paid upfront, option will be dependent upon available budget and additional discount provided by bidders. Bidders must bid on all items in the Option 1 - One Year Commitment tab but are also encouraged to provide pricing on Options 2 and 3.
BID EVALUATION PROCESS. 1) Part – I (Bid Security): Bidders who have submitted the valid bid security as per the format shall be considered for further evaluation. Similarly, if the RFP document fee has not been deposited / submitted in case of downloaded forms the Bid shall be out rightly rejected.
BID EVALUATION PROCESS. 4.1.1 Evaluation will be based on the bidder meeting the eligibility criteria and subsequent evaluation of financial bid. It is mandatory for the bidder to fulfil all the eligibility criteria to be technically qualified and for being considered for opening of their Financial Bid and evaluation thereof. The bidder(s) with lowest financial quote (Fs) shall be considered for award of contract.