Alternative Bid (tender) definition
Alternative Bid (tender) means a tender biding other features of the subject to the public procurement contract than those set out in the tender documentation;
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Related to Alternative Bid (tender)
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.
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.
Competitive Bid means an offer by a Lender to make a Competitive Loan 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.
Prospective bidder means anyone likely or desirous to be a bidder.