SEALED BIDS Sample Clauses
The Sealed Bids clause establishes a process where bids for a contract or procurement are submitted in a manner that keeps their contents confidential until a specified opening time. Typically, bidders must submit their proposals in sealed envelopes or through secure electronic means, ensuring that no party can view or alter the bids before the official opening. This clause is designed to promote fairness and transparency in the bidding process by preventing collusion, favoritism, or undue influence, thereby ensuring that all participants compete on an equal footing.
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SEALED BIDS. Four▇▇▇▇ ▇▇▇ll have the right to purchase all, but not less than all, of the Offered Assets, which right shall be exercisable by Four▇▇▇▇'▇ ▇▇▇ivery of a Four▇▇▇▇ ▇▇▇led Bid to the Escrow Agent-during the Offer Period. The Escrow Agent shall treat the Four▇▇▇▇ ▇▇▇led Bid as Confidential Information of Four▇▇▇▇ ▇▇▇hin the meaning of this Agreement, and shall not disclose to Iomed, except in accordance with this Section 7.02(b), the contents of the Four▇▇▇▇ ▇▇▇led Bid; provided, however, that the Escrow Agent shall notify Iomed of the receipt of such Four▇▇▇▇ ▇▇▇led Bid. If Four▇▇▇▇ ▇▇▇mits a Four▇▇▇▇ ▇▇▇led Bid during the Offer Period, then Iomed shall, no later than fourteen (14) days of receipt by the Escrow Agent of the Four▇▇▇▇ ▇▇▇led Bid, deliver to the Escrow Agent an Iomed Sealed Bid. Upon receipt of the Iomed Sealed Bid, the Escrow Agent shall open each of the sealed bids submitted by the Parties and shall notify, in writing, the Parties of the respective amounts of the Four▇▇▇▇ ▇▇▇led Bid and the Iomed Sealed Bid and of the Floor Price.
SEALED BIDS. All bids must be submitted in a sealed envelope. The face of the envelope shall contain the date and time of the bid opening and the bid number. Bids not submitted on the City's bid forms may be rejected. All bids are subject to the conditions specified herein and on any attached sheets, specifications, special conditions or vendor notes.
SEALED BIDS. A lessee or applicant submitting a sealed bid in response to the commissioner's request for sealed bids, shall not be permitted to change or supplement that bid after it has been submitted.
SEALED BIDS. All bids must be submitted in a sealed envelope and shall not be opened and considered if they are not received by the Procurement Office prior to the time specified for the Bid Opening in the Advertisement for Bids. All sealed bids must be submitted on the Bid Document Originals or Forms, or reasonable facsimile furnished by the school district. All proposals must be signed by a responsible and authorized person for the bidding firm; failure to do so may result in disqualification of their respective bid. NOTE:
SEALED BIDS. For purposes of this solicitation, a sealed bid is considered a bid submitted using VendorLink.
SEALED BIDS. A bid to sell goods to the City of Durham must be sealed if it is for $90,000 or more, or if the instructions say that bids must be sealed. When a bid must be sealed, the bidder shall place the bid form and the other documents required to be submitted in a sealed opaque envelope (“bid envelope”).
SEALED BIDS. A sealed bid is a completed bid that is submitted in a sealed and unopened container clearly marked with the Bid Title and Number. One electronic copy of the bid submission as well as any other required documentation must be turned in for the bid to be considered for award. Electronic copies shall be submitted on a labeled USB flash drive. Sealed bids should be sent to the attention of FSA Cooperative Purchasing Program Coordinator, Florida Sheriffs Association, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇, Tallahassee, FL 32308. Faxed or e-mailed bids will not be accepted.
SEALED BIDS. For purposes of this solicitation, a sealed bid is considered a bid submitted using the FSA bid system.
SEALED BIDS. Bid proposals must be submitted on and in accordance with the BIDDERS PROPOSAL/CONTRACT. All sheets bid on and this form must be executed and submitted in a sealed envelope. DO NOT INCLUDE MORE THAN ONE BID PER ENVELOPE. The face of the envelope shall contain the City's address, the date and time of the bid opening and the contract number. Bids not submitted on attached bid form shall be rejected. All bids are subject to the conditions specified herein. Bids, which do not comply with these conditions, are subject to rejection. Bids will be considered only on first quality products.
SEALED BIDS. A procurement method in which bids are publicly solicited and a firm fixed-price contract (lump sum or unit price) is awarded to the responsible bidder whose bid, conforming with all the material terms and conditions of the invitation for bids, is the lowest in price. The sealed bids method is the preferred method for procuring construction, if the conditions.
(i) In order for sealed bidding to be feasible, the following conditions should be present:
(A) A complete, adequate, and realistic specification or purchase description is available;
(B) Two or more responsible bidders are willing and able to compete effectively for the business; and
(C) The procurement lends itself to a firm fixed price contract and the selection of the successful bidder can be made principally on the basis of price.
(ii) If sealed bids are used, the following requirements apply:
(A) Bids must be solicited from an adequate number of qualified sources, providing them sufficient response time prior to the date set for opening the bids, for local, and tribal governments, the invitation for bids must be publicly advertised;
(B) The invitation for bids, which will include any specifications and pertinent attachments, must define the items or services in order for the bidder to properly respond;
(C) All bids will be opened at the time and place prescribed in the invitation for bids, and for local and tribal governments, the bids must be opened publicly;
(D) A firm fixed price contract award will be made in writing to the lowest responsive and responsible bidder. Where specified in bidding documents, factors such as discounts, transportation cost, and life cycle costs must be considered in determining which bid is lowest. Payment discounts will only be used to determine the low bid when prior experience indicates that such discounts are usually taken advantage of; and
(E) Any or all bids may be rejected if there is a sound documented reason.