Alternate bids definition

Alternate bids means the amount stated in the bid or proposal to be added to or deducted from the amount of the base bid or base proposal if the corresponding change in project scope or alternate materials or methods of construction is accepted.
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Alternate bids means an bid submitted that may depart from the specific stated requirements of the solicitation.
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Alternate bids shall have the meaning set forth in Section 11.2.
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Examples of Alternate bids in a sentence

  • Alternate bids for supplies or services other than specified shall not be considered unless authorized by invitation.

  • Alternate bids and exceptions to bid clauses must be clearly noted on the bid form.

  • Alternate bids must specifically identify the IFB requirements and advantage(s) addressed by the alternate bid.

  • Alternate bids may be considered at the discretion of the County if alternate bids are called for in this bid.

  • The Issuing Lender shall promptly notify each such participant Lender by facsimile, telephone, or electronic mail (PDF) of each Letter of Credit issued or increased and the actual dollar amount of such Lender’s participation in such Letter of Credit.

  • Alternate bids (two or more bids submitted) will be considered for an award.

  • Alternate bids will not be considered unless the Invitation To Bid specifically requests alternate bids.

  • Alternate bids without complete specifications may be rejected.Alternate bids and exceptions to bid clauses must be clearly noted on the bid form.

  • Alternate bids will be automatically deemed nonresponsive and will not be considered for award.

  • Alternate bids shall not be accepted unless otherwise specified in the bid documents.


More Definitions of Alternate bids

Alternate bids means multiple Bids with substantive variations from the same Bidder in response to a Solicitation.
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Related to Alternate bids

  • Alternate Bid means multiple Bids with substantive variations from the same Bidder in response to a Solicitation.

  • Alternative Bid means a response to a bid that does not meet the exact requirements of the specification but offers an alternative for consideration. An alternative bid is submitted with an intentional variation to a provision, specification, term or condition of the solicitation. This alternative, in the opinion of the bidder, achieves the same end result. Alternative bids may be rejected as non-responsive.

  • Base Bid means a Bid for Public Works to be performed or Supplies or Services to be furnished under a City Contract, including additives, alternates, deductives, excluding force accounts, and taxes collected separately pursuant to Washington Administrative Code (“WAC”) 458-20-171.

  • Competitive Bid Margin means the margin above or below the applicable Eurodollar Base Rate offered for a Eurodollar Bid Rate Loan, expressed as a percentage (rounded to the nearest 1/100 of 1%) to be added or subtracted from such Eurodollar Base Rate.

  • Responsive Bidder or Offeror means a person who submits a bid or proposal which conforms in all material respects to the invitation for bids or request for proposals.

  • Competitive Bid Rate means, with respect to any Competitive Bid, the Margin or the Fixed Rate, as applicable, offered by the Lender making such Competitive Bid.

  • Responsive Bid means a Bid that complies with each of the provisions of this RFB, or is either an alternative bid or a bid with an exception, if accepted by the Agency.

  • Responsive bidder means a person who has submitted a bid that conforms in all material respects

  • Competitive Bid means a bid in terms of a competitive bidding process;

  • Competitive Bid Reduction has the meaning specified in Section 2.01.

  • Competitive Bid Note means a promissory note of the Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of the Borrower to such Lender resulting from a Competitive Bid Advance made by such Lender.

  • Competitive Bid Advance means an advance by a Lender to the Borrower as part of a Competitive Bid Borrowing resulting from the competitive bidding procedure described in Section 2.03 and refers to a Fixed Rate Advance or a LIBO Rate Advance.

  • Competitive Bid Request means a request by the Borrower for Competitive Bids in accordance with Section 2.04.

  • Competitive Bid Loan means a Eurodollar Bid Rate Loan or an Absolute Rate Loan, or both, as the case may be.

  • Alternate Rate means, for any day, the sum of (a) a rate per annum selected by the Administrative Agent, in its reasonable discretion based on market conditions in consultation with the Borrower and the Lenders, plus (b) the Applicable Spread for Eurocurrency Loans, plus (c) the Mandatory Cost. When used in reference to any Loan or Borrowing, “Alternate Rate” refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Alternate Rate.

  • Competitive bidding means a transparent process for procurement of equipment, services and works in which bids are invited by the project developer by open advertisement covering the scope and specifications of the equipment, services and works required for the project, and the terms and conditions of the proposed contract as well as the criteria by which bids shall be evaluated, and shall include domestic competitive bidding and international competitive bidding;

  • Return Bid has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Competitive Bid Borrowing means a borrowing consisting of simultaneous Competitive Bid Advances from each of the Lenders whose offer to make one or more Competitive Bid Advances as part of such borrowing has been accepted under the competitive bidding procedure described in Section 2.03.

  • Price Bid means the Price Bid submitted by the Bidder, in accordance with Clause 8.15.2;

  • Notice of Competitive Bid Borrowing has the meaning specified in Section 2.03(a).

  • Eligible Bidder(s) means Bidder(s) who are eligible in terms of this E-Auction Process Memorandum, provisions of IBC and provisions of the Liquidation Process Regulations;

  • Open Competitive Bidding means a fair and transparent specified procedure defined under these Rules, advertised in the prescribed manner, leading to the award of a contract whereby all interested persons, firms, companies or organizations may bid for the contract and includes both National and International Competitive Biddings;

  • Alternate applicant in case of a minor means the parent/step-parent/court guardian who has made the application on behalf of the minor;

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).

  • Contract base bid means the total dollar amount a contractor bids on a contract without factoring any bid incentive or percentage reductions to the bid amount.

  • competitive bidding process means a competitive bidding process referred to in paragraph 12 (1) (d) of this Policy;