Examples of Bid Floor in a sentence
Transporter shall have the sole discretion to set the Bid Floor for Interruptible Delivery Service under this Toll Schedule on a daily basis.
Bids shall specify the volume of Transportation requested at the Receipt Point and the associated bid toll, expressed in dollars per thousand cubic meters ($/103m3), which associated bid toll shall not be less than the posted Bid Floor.
Only bid tolls at or above the Bid Floor for such Seasonal Service or Daily Seasonal Service will be considered by Transporter during the capacity award process.
Bids at or above the Bid Floor will be considered by Transporter during the daily capacity award process.