Bid incentive definition
Bid incentive means an amount deducted, for bid evaluation purposes only, from the contract base bid in order to calculate the bid price to be used to evaluate the bid on a competitively bid contract.
Bid incentive means an amount deducted, for bid evaluation purposes only, from the total bid price in order to calculate the bid price to be used to canvass the bid on a competitively bid construction project.
Bid incentive means an affirmative procurement initiative which is race, ethnic and gender specific and designed to remedy documented disparity in District contracting and the present effects of past marketplace discrimination by fostering increased M/WBE participation and goal attainment.
Examples of Bid incentive in a sentence
Disabilities (BEPD) "Bid incentive" means an amount deducted, for bid evaluation purposes only, from the contract base bid in order to calculate the bid price to be used to evaluate the bid on a competitively bid contract.
More Definitions of Bid incentive
Bid incentive means an amount deducted, for bid or RFP response purposes only, from the total bid or RFP response price that is attributable to labor costs, in order to calculate the price to be used to evaluate the bid or RFP response on a competitively announced project.