Balanced Bid definition
Balanced Bid means a Bid in which each of the unit prices and total amount bid for each of the listed items reasonably reflects the value of that item with regard to the entire job considering the prevailing cost of labor, material and equipment in the relevant market. A Bid is unbalanced when, in the opinion of the Owner, any unit prices or total amounts bid on any of the listed items do not reasonably reflect such values.
Balanced Bid means that the unit price shall remain constant or decrease as the number of units increase.
Balanced Bid means that the unit price shall remain constant or decrease for an item as the number of units increase.
Examples of Balanced Bid in a sentence
Balanced Bid shall mean a Bid in which each of the unit prices and total amount bid for each of the listed items reasonably reflects the value of that item with regard to the entire Project considering the prevailing cost of labor, material and equipment in the relevant market.
More Definitions of Balanced Bid
Balanced Bid means that the unit price shall remain constant
Balanced Bid means that the unit price shall remain constant or decrease as the number of units increase and that unit prices shall not result in a smaller quantity costing more than a larger quantity. For example, a quantity of 25,000 shall not cost more than a quantity of 50,000, etc.
Balanced Bid means that the unit price shall remain constant or decrease as the number of units increase. In addition, whenever a price per signature is requested, prices must be “balanced” as follows:
Balanced Bid means a Bid in which each of the unit prices and total amount bid for