Competitive Bidding Process Sample Clauses

The Competitive Bidding Process clause establishes the requirement that certain contracts or projects must be awarded through a formal process where multiple vendors or service providers submit bids. Typically, this involves setting clear criteria for bid submission, evaluation, and selection, ensuring that all interested parties have an equal opportunity to compete. By mandating open competition, the clause helps prevent favoritism, promotes transparency, and aims to secure the best value or most suitable provider for the contracting party.
Competitive Bidding Process. 1 🢂 Section 7. KRS 160.160 is amended to read as follows: 2 (1) Each school district shall be under the management and control of a board of 3 education consisting of five (5) members, except in counties containing a city of the 4 first class wherein a merger pursuant to KRS 160.041 shall have been accomplished 5 which shall have seven (7) members elected from the divisions and in the manner 6 prescribed by KRS 160.210(5), to be known as the "Board of Education of ,
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Competitive Bidding Process. <.. image(A picture containing text, tree, outdoor, green Description automatically generated) removed ..><.. image(A picture containing text, tree, outdoor, green Description automatically generated) removed ..> • To obtain the best rates and services in the industry, the City of Mission Viejo recently went through an extensive competitive bidding process for residential and commercial solid waste and recycling services. • After considerable review by City Council and City staff, Waste Management of Orange County was selected for presenting the lowest rates and best services. • This new Agreement took effect January 1, 2021 • New and increased rates became effective January 1, 2021. • Billed by Waste Management quarterly in advance. • The 2021 Rate Schedule is available at ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇ and ▇▇▇▇.▇▇.▇▇▇/▇▇▇▇▇▇▇-▇▇▇▇▇. • Qualifying Senior Citizens are eligible to receive a discount of approximately 20% off their waste collection bill. • Residents must be at least 65 years old, own or rent/lease the home, and live in the residence full time. • Please visit ▇▇▇▇.▇▇.▇▇▇/▇▇▇▇▇▇▇-▇▇▇▇▇ for the application form and follow the instructions or contact Waste Management Customer Service for assistance. <.. image(A picture containing text, bin, container Description automatically generated) removed ..><.. image(A picture containing bin, container Description automatically generated) removed ..> Integrated Waste Management Act • Assembly Bill (AB) 939 • Passed by the state of California to decrease the amount of recyclable waste in the landfill and increase landfill capacity. • Mandates a reduction of waste being disposed, and jurisdictions were required to meet diversion goals of 25% by 1995 and 50% by the year 2000 and thereafter. • Waste Management’s source separated cart system helps residents and cities increase their recycling rate, reduce landfill waste, and maintain compliance with this mandate. • For more information on California waste and recycling laws, please visit ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇
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Competitive Bidding Process. Due to the uniqueness of the service provided by BEMC, the competitive bidding process does not apply to high/medium voltage electrical distribution construction and BEMC has the right to submit an estimate, obtain approval and purchase order, and construct all electrical distribution work. Contracted work performed by BEMC is competitively bid in accordance with BEMC’s procurement rules required by the Rural Utilities Service of the U.S. Department of Agriculture.
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Competitive Bidding Process. As soon as reasonably practicable after receipt of draft Tenant Improvement Plans from the Architect in accordance with guidance from the parties, the Landlord shall competitively bid-out the Tenant Improvements to not less than three (3) reasonably qualified, reputable, capable general contractors which can reasonably be expected to meet the Target Delivery Date. ▇▇▇▇▇▇▇▇ agrees to give Tenant copies of all bids received for the Tenant Improvements. Landlord shall engage in a dialog with the Architect and the general contractors, and the Tenant Improvement Plans shall be revised as reasonably necessary to so curtail the costs (and any such revised Tenant Improvement Plans shall be acceptable to Landlord and Tenant in their mutual, reasonable discretion).
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Competitive Bidding Process. It is acknowledged by both parties that, from time to time, the Employer must take part in a competitive bidding process to gain or retain certain contracts for the operation of programs that provide work to the employees of CBIE. Also, it is acknowledged that the work Employer must name an individual employee who would hold a key position, in the operation of such a program. Therefore, in choosing the individual employee, the employer will undertake the following steps: a) inform the employees through the staff listserv of intent to submit bid and include the “bid description” of the job requirements; b) include in the notice to staff a deadline for interested employees to submit their statement of interest in participating in the bid;
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Competitive Bidding Process. Copies of all Qualified Bids will be delivered to Buyer when they are determined to be Qualified Bids but no later than two (2) calendar days prior to the hearing on the Sale Motion. At least one (1) calendar day prior to the hearing on the Sale Motion, Seller will provide copies to Buyer and all other Qualified Bidders of the Qualified Bid which Seller believes, in its reasonable business judgment after consultation with the Committee, is the highest or otherwise best offer (the “Starting Bid”). The Competitive Bidding Process will run in accordance with the following procedures:
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Competitive Bidding Process. In order to expedite the completion of the Public Infrastructure Improvements, the City and the Developer have agreed to a competitive bidding process set forth in the TIF Qualifying Project Detailed Process and Procedure, which is attached hereto as EXHIBIT F and incorporated herein by reference. Further, the Parties agree that they will execute an agreement to provide for the construction of the proposed Public Infrastructure Improvements (the “Infrastructure Agreement”). The Parties have used this Procedure in connection with the construction of various public infrastructure improvement projects serving the Carriage Trails Property and agree to continue to use this Procedure for the Public Infrastructure Improvements regardless of the method by which those Public Infrastructure Improvements are financed (i.e. special assessments, tax increment financing or otherwise). Notwithstanding anything to the contrary herein or therein, the Infrastructure Agreement and any related contracts shall comply with the City Codified Ordinances, as applicable. (a) Developer shall construct the Improvement in a manner consistent with the plans and specifications for such Improvement which shall have been approved by the City; (b) the Developer shall obtain performance and payment bonds meeting the requirements of Sections 153.54 and 153.57 of the Ohio Revised Code guaranteeing the completion of the construction of the Improvement and the payment of subcontractors, material providers and laborers from all of Developer's subcontractors and material suppliers; (c) the Developer shall pay prevailing wage to laborers as determined by the Ohio Department of Commerce under Chapter 4115 of the Ohio Revised Code in connection with the construction of the Improvement; (d) the Developer shall provide warranties and guarantees with respect to the workmanship of the Improvement and the correction of deficiencies; (e) the City shall pay for the construction of the Improvements as the Improvements are developed; and (f) if required by the City, the City and the Developer shall enter into an Infrastructure Agreement to include the above terms in a form substantially in compliance with the Infrastructure Agreement currently in effect between the City and the Developer.
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Competitive Bidding Process. In the event the entire Project was bid using an RFP, this Section 4.2 shall apply only to those portions of the Project which are deemed “additional work,” as may be indicated in the scope of the Work after execution of this Agreement. A. For any work that QUALIFIED PROVIDER intends to complete “in-house” or “self- perform,” (including any engineering services), QUALIFIED PROVIDER will participate in a competitive bidding process, with at least two (2) invited vendors, wherein sealed bids are delivered directly to the DISTRICT and CESA for review and selection. The DISTRICT may at any time use a preferred provider in lieu of a competitive bid unless the preferred provider is reasonably deemed unqualified and incapable by QUALIFIED PROVIDER by reference to industry-accepted standards. B. The following provisions apply to subcontracted work and work not initially bid on by QUALIFIED PROVIDER but later added: 1. QUALIFIED PROVIDER will invite at least two (2) vendors and allow sealed bids to be delivered directly to the DISTRICT and CESA for review and selection. 2. If the DISTRICT has a preferred vendor that has satisfactorily completed similar work for the DISTRICT in the past, QUALIFIED PROVIDER is willing to use that vendor with the stipulations that the preferred vendor is deemed both capable and qualified by QUALIFIED PROVIDER.
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Related to Competitive Bidding Process

  • Competitive Bidding 3.5.2.1 Bidding Documents shall consist of bidding requirements and proposed Contract Documents.

  • National Competitive Bidding Goods estimated to cost less than $250,000 equivalent per contract and works estimated to cost less than $500,000 equivalent per contract, may be procured under contracts awarded on the basis of National Competitive Bidding.

  • International Competitive Bidding Except as otherwise provided in paragraph 2 below, goods and works shall be procured under contracts awarded on the basis of International Competitive Bidding.

  • Competitive Bid Loans The Company may obtain loans under Sections 1.1 and 1.2 pursuant to the competitive bid procedures set forth in the Section 1.10 ("Competitive Bid Loans"), subject to the terms and conditions of Section 1.1 or 1.1 (as the case may be), except as otherwise provided in this Section 1.10. Each Bank may make such Competitive Bid Loans to the Company, subject to the terms and conditions hereof, in such amounts as such Bank, in its sole discretion, desires to make to the Company. Notwithstanding any contrary provision of Section 1.1, the aggregate outstanding amount of Competitive Bid Loans made against the Aggregate Commitment shall reduce each Bank's Commitment pro rata in accordance with its respective Percentage Interest, regardless of which Bank makes such Competitive Bid Loans. Any Competitive Bid Loan made under the Demand Line shall be due and payable upon demand in accordance with the terms of this Agreement, notwithstanding any of the terms of such Competitive Bid Loan. The procedure for making Competitive Bid Loans shall be as follows: (a) The Company may make requests for bids from the Banks to make Competitive Bid Loans ("Competitive Bids") not later than 9:00 a.m., Milwaukee time, on the proposed borrowing date for one or more Competitive Bid Loans. Each such request shall be given directly to each of the Banks, shall be given in writing (which may be a facsimile transmission) signed by the Company, and shall specify (I) the proposed borrowing date, which shall be a Business Day, (ii) the aggregate amount of the requested Competitive Bid Loans, which shall not be less than $1,000,000 or, for amounts in excess thereof, an integral multiple of $100,000, (iii) the interest period for each Competitive Bid Loan ("Loan Period"), which shall commence on the applicable borrowing date and end on a specified date thereafter not exceeding 180 days from such borrowing date (up to three (3) Loan Periods may be requested pursuant to each Competitive Bid), and the last day of each such Loan Period, and (iv) if more than one Loan Period is so specified, the principal amount allocable to each such Loan Period. (b) Each Bank in its sole discretion may (but is not obligated to) submit one or more Competitive Bids to the Company not later than 11:00 a.m., Milwaukee time, on the proposed borrowing date specified in such request for Competitive Bids (such 11:00 a.m. time being herein called the "Submission Deadline") by facsimile or in writing, and thereby irrevocably offer to make all or any part (any such part referred to as a "Portion") of any Competitive Bid Loan described in the relevant request for Competitive Bids at a fixed rate of interest per annum (each a "Bid Rate") specified therein, without reference to the LIBOR Rate or other basis for interest rates, in an aggregate principal amount of not less than $1,000,000 and, for amounts in excess thereof, an integral multiple of $100,000. Multiple Competitive Bids may be delivered by any Bank. (c) The Company shall, in its sole discretion but subject to paragraph (d) below, irrevocably accept or reject any such Competitive Bid (or any Portion thereof) not later than 12:00 noon on the proposed borrowing date by notice to the appropriate Bank by telephone (confirmed in writing promptly delivered to such Bank and the Agent the same day). If a Bank fails to receive notice from the Company of its acceptance or rejection of any Competitive Bids made by such Bank at or prior to 12:00 noon on such day, all such Competitive Bids shall be deemed to have been rejected by the Company. The Company's written acceptance of any Competitive Bid shall constitute a borrowing notice of the Company, and shall specify the amount, maturity date and Bid Rate for each Competitive Bid Loan. The Company will give written notice to the Agent in the form of Part 3 to Exhibit 2.1 hereto on each Business Day on which there is any change in the aggregate outstanding principal amount of Competitive Bid Loans, setting forth the aggregate principal amount of all Competitive Bid Loans then outstanding after giving effect to any Competitive Bid Loans made on such Business Day. (d) If the Company accepts a Portion of a proposed Competitive Bid Loan for a single Loan Period at the Bid Rate provided therefor in a Bank's Competitive Bid, such Portion shall be in a principal amount of $1,000,000 or, for amounts in excess thereof, an integral multiple of $100,000. If the Company accepts any Competitive Bid Loan or Portion offered in any Competitive Bid, the Company must accept Competitive Bids (and Competitive Bid Loans and Portions thereby offered) based exclusively upon the successively lowest Bid Rates within each Loan Period an no other criteria. If two (2) or more Banks submit Competitive Bids with identical Bid Rates for the same Loan Period and the Company accepts any thereof, the Company shall accept all such Competitive Bids as nearly as possible in proportion to the amounts of such Banks' respective Competitive Bids with identical Bid Rates for such Loan Period, provided, that if the amount of Competitive Bid Loans to be so allocated is not sufficient to enable each such Bank to make such Competitive Bid Loan (or Portions thereof) in an aggregate principal amount of $1,000,000, or for amounts in excess thereof, an integral multiple of $100,000, the Company shall round the Competitive Bid Loans (or Portions thereof) allocated to such Bank or Banks as the Company shall select as necessary to a minimum of $1,000,000 and, if greater than $1,000,000 the nearest multiple of $100,000, or select the Competitive Bid of only one of such Banks. (e) Not later than 1:30 p.m., Milwaukee time, on the relevant borrowing date, each Bank whose Competitive Bid was accepted by the Company shall make available to the Agent, in immediately available funds, the proceeds of such Bank's Competitive Bid Loan(s). Upon fulfillment of the applicable borrowing conditions, the Agent shall deposit in the Company's account maintained with the Agent or as the Company may otherwise direct in writing on the relevant borrowing date the proceeds of such Competitive Bid Loans, in immediately available funds. (h) Section 2.2(b) of the Credit Agreement is amended by adding an additional subparagraph (3) thereto, reading in its entirety as follows:

  • Competitive Bid Quote Request When the Borrower wishes to request offers to make Competitive Bid Loans under this Section 2.16, it shall transmit to the Administrative Agent by telecopy a Competitive Bid Quote Request substantially in the form of Exhibit C-1 hereto so as to be received no later than (i) 10:00 a.m. (Chicago time) at least five Business Days prior to the Borrowing Date proposed therein, in the case of a request for a Competitive LIBOR Margin or (ii) 9:00 a.m. (Chicago time) at least one Business Day prior to the Borrowing Date proposed therein, in the case of a request for an Absolute Rate specifying: (i) the proposed Borrowing Date for the proposed Competitive Bid Loan, (ii) the requested aggregate principal amount of such Competitive Bid Loan, (iii) whether the Competitive Bid Quotes requested are to set forth a Competitive LIBOR Margin or an Absolute Rate, or both, and (iv) the LIBOR Interest Period, if a Competitive LIBOR Margin is requested, or the Absolute Interest Period, if an Absolute Rate is requested. The Borrower may request offers to make Competitive Bid Loans for more than one Interest Period (but not more than five Interest Periods) in a single Competitive Bid Quote Request. No Competitive Bid Quote Request shall be given within five Business Days (or such other number of days as the Borrower and the Administrative Agent may agree) of any other Competitive Bid Quote Request. A Competitive Bid Quote Request that does not conform substantially to the form of Exhibit C-1 hereto shall be rejected, and the Administrative Agent shall promptly notify the Borrower of such rejection by telecopy.