Alternative Bid definition

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.

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Alternative Bid. (or ”Alternate”) means an amount stated in the Bid to be added to or deducted from the amount of the Base Bid if the corresponding change in the work, as described in the Bidding Documents, is accepted.

Alternative Bid means a response to a bid that does not meet the exact requirements of the specification but offers an alternative for consideration, and is submitted with an intentional variation to a specification or terms and conditions;

Examples of Alternative Bid in a sentence

• Seller shall keep Purchaser informed of the status (including amendments or proposed amendments) of any such inquiry, proposal or request with respect to a Alternative Bid or Business Combination, and upon the request of Purchaser shall identify and furnish to Purchaser all information provided in response to such inquiry, proposal or request.

• Seller will consider an Alternative Bid only if the Alternative Bid is a "Qualified Alternative Bid".

• Where an Alternative Bid Schedule is provided, A FAILURE TO SUBMIT A PRICE FOR EACH ALTERNATE WILL RESULT IN REJECTION OF THE BID AS NONRESPONSIVE.

• The Total Bid Price quoted above represents the Bid Proposal of the BIDDER, exclusive of consideration of Reserves for Specified Allowances and of the Alternate(s) listed in any accompanying Alternative Bid Schedule.

• In evaluating whether an Alternative Bid, or an aggregate of Alternative Bids, meets the 5% value threshold, above, to constitute a qualified Initial Overbid, Sellers may, in their sole and absolute discretion, assign a reasonable monetary value to non-monetary provisions or omissions in such Alternative Bid or Alternative Bids.

More Definitions of Alternative Bid

Alternative Bid means a bid which is submitted which materially or substantially deviates from the specification and/or bid conditions.

Alternative Bid means a bid which is submitted in accordance with clauses 164 to 170 and which materially or substantially deviates from the specification and/or bid conditions;

Alternative Bid means a bid which is submitted in accordance with clauses 145 and 146 and which materially or substantially deviates from the specification and/or bid conditions;

Alternative Bid means a bid which may not match exactly match the technical requirements but would achieve the same functional outcome.

Alternative Bid means a letter from a Qualified Bidder stating that (i) such Qualified Bidder offers to purchase the Acquired Assets upon the terms and conditions set forth in a copy of the Definitive Sale Documentation, marked to show those amendments and modifications to the Definitive Sale Documentation, including, but not limited to, price and the time of Closing, that such Qualified Bidder proposes, (ii) such Qualified Bidder is prepared to enter into and consummate the transaction not later than 10 days after entry by the Bankruptcy Court of an order approving such transaction, subject to receipt of any governmental or regulatory approvals, and (iii) such Qualified Bidder's offer is irrevocable until the closing of a purchase of the Acquired Assets.

Alternative Bid means a higher or better competing bid, including in consideration of any sale, transfer, liquidation, or disposition of any of the Acquired Assets or of a plan of reorganization or liquidation with respect to any of the Acquired Assets.

Alternative Bid means a higher or better competing bid, including in consideration of any sale, transfer, liquidation, or disposition of the Acquired Business, the Purchased Assets or the Acquired Subsidiaries or of a plan of reorganization or liquidation with respect to the Acquired Business, the Purchased Assets or the Acquired Subsidiaries.