Best Bidder definition
Best Bidder in Section 6.18.160(D), means that bidder whose bid and whose submitted plans for the use of the property to be sold are considered to have best met the land use plans of the City and the financial interest of the City as property owner. In evaluating the bids and plans, the City Manager shall be consulted and the following shall be considered:
Best Bidder means the bidder that provides the bid for the purchase of the Bonds that results in the lowest effective interest rate to the Issuer.
Best Bidder means the Bidder with the best bid evaluated based on the criteria described in these Rules.
Examples of Best Bidder in a sentence
The Good Faith Deposit of the Second Best Bidder shall be retained in escrow until 48 hours after the closing of a Sale.
Except as otherwise provided in this paragraph with respect to the Successful Bidder and the Second Best Bidder, the Good Faith Deposits of all Qualified Bidders required to submit such a deposit under the Sale Procedures shall be returned upon or within one (1) business day after entry of the Sale Order.
In such case, the Qualified Bidder that submitted its Bid first shall be ranked as Best Bidder.
Pending their return, the Good Faith Deposit of the Successful Bidder and the Second Best Bidder shall be maintained in an interest bearing escrow account.
More Definitions of Best Bidder
Best Bidder means a bidder that offers the best bid, such determination to be made on such factors as are relevant in the reasonable judgment of the Company including without limitation price, reputation, access to capital, and likelihood of closing.