Competitive Evaluation Sample Clauses
The Competitive Evaluation clause establishes a process for comparing proposals, products, or services from multiple vendors or parties to determine the most suitable option. Typically, this clause outlines the criteria and procedures for evaluating submissions, such as technical merit, pricing, and compliance with requirements, and may allow the evaluating party to request additional information or demonstrations. Its core function is to ensure a fair and transparent selection process, helping the contracting party make informed decisions and fostering competition among potential suppliers.
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Competitive Evaluation. If, at any time beginning with the thirteenth (13th) Monthly Period following the Services Effective Date, Customer receives a bona fide offer from a telecommunications company to provide a package of telecommunications services that is substantially similar to the range of MCI WorldCom services offered under this Agreement, including, without limitation, revenue commitments, term, volume, product mix, functionality, features, credits offered, level of service and geographic breadth (a “Competitive Offer”), and such Competitive Offer would result in an overall cost savings to Customer of greater than *** (***%) over the then remaining term of this Agreement when compared to the effective rates charged by MCI WorldCom hereunder, then MCI WorldCom agrees to either match the Competitive Offer or to release Customer from this Agreement. Customer shall have the right to invoke this provision only once per year (starting with the thirteenth (13th) Monthly Period following the Services Effective Date) during the term of this Agreement. If MCI WorldCom does not elect to match the Competitive Offer within sixty (60) days after it is presented to MCI WorldCom by Customer in writing (with sufficient documentation of the Competitive Offer), (1) Customer shall be released from its obligations under this Agreement and this Agreement shall be deemed terminated as of the date which is ninety (90) days after (A) the conclusion of the sixty (60) day period specified above, or (B) the date on which MCI WorldCom notifies Customer that it will not match the Competitive Offer, whichever is earlier, and (2) Customer shall not be responsible for the early termination charges set forth in Section 7(b)-(c) of this Schedule 1, but Customer will be required, under Section 10.1 of this Schedule 1, to *** applicable to any circuits that were installed less than twelve (12) months prior to the date of such termination.
Competitive Evaluation. Unless specifically authorized by 3D Systems in writing, if Licensee is a competitor to 3D Systems’ business, it may not use the Software for competitive evaluation.
Competitive Evaluation. A competitive evaluation is performed by cross-functional teams, including Solectron stakeholders. The approach is collaborative with IBM and Solectron stakeholders to pre-define scoring criteria and weighting and may include factors other than price (i.e. delivery performance, technical advantages, etc).