Bid Preference definition

Bid Preference means a percentage by which a Project’s Bid will be reduced solely for Bid evaluation purposes. For example, using a 10% Bid preference, a Bid for 5 cents/kWh would be evaluated as if it were 4.5 cents/kWh (5 cents x 90%).
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Bid Preference means an amount deducted (for evaluation purposes only) from the total bid price in order to calculate the bid price to be used to evaluate the Bid on a competitively bid Contract, which is not set-aside for bidding solely by Small Businesses.
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Bid Preference means the application of a percentage adjustment to the total amount of a Bid submitted by a Bidder whose Operations Location is within the City, Huron Township, or Erie County (as referenced herein) for a contract solely for the purpose of bid comparisons. The use of a Bid Preference for Bid comparison will not alter the total amount of the Bid or price submitted by a Bidder or the contract executed based on a Bid.
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Examples of Bid Preference in a sentence

  • Whenever a quote contains both, Bid Preference (SBE/Micro) and Local Preference, departments must apply the bid preference first.

  • Bid Preference, to the lowest responsive and responsible Orange County certified MWBE bidder provided that the bid does not exceed the overall lowest responsive and responsible bidder by the stated percentages for the bid amounts listed.

  • The preference should be applied as listed in the table below based on the estimated value of the project and whether or not a set-aside or preference measure is applicable: SBE-MICRO Tier 1 SBE-MICRO Tier 2 SBE-MICRO Tier 3 Set-Asides Up to $100K (All SBE Goods and Services firms are eligible for Set-asides) Bid Preference 10% Bid Preference 5% Bid Preference 0% Set-Asides Over $100K $100K-$750K $750K to $2 Million $2M to $5 Million ROADMAP CONTRACT NO.

  • Each Solicitation shall be consistent with AO NO.3-38, “Master Procurement Administrative Order.” Local Preference, Locally Headquartered Preference, Bid Preference, UAP, IG, and Cone of Silence shall be applicable to each Request for Quote (RFQ) issued under this contract.

  • Station transfer will be in accordance with department policy 1-V-24, Station Bid Preference Guideline, which is hereby incorporated by reference.

  • The Bid Preference Law is for those contracting in other states bordering Tennessee and says that our state requires the same of nonresident contractors as they do of resident contractors.

  • Each Solicitation shall be consistent with AO NO.3-38, “Master Procurement Administrative Order.” Local Preference, Locally Headquartered Preference, Bid Preference, Local Certified Veteran’s Business Enterprise Preference, UAP, IG, and Cone of Silence shall be applicable to each Request for Quote (RFQ) issued under this contract.

  • Bid Preference Forms are not held over from one bid cycle to another; new forms must be submitted for each bid cycle.

  • Employees are responsible to review their qualification to ensure they meet the Minimum qualifications for specific positions prior to submitting a Bid Preference Form.

  • Employees shall list on the Bid Preference Form what jobs they are applying for and their order of preference (i.e., ships(s), crew(s), and change port(s)).

Related to Bid Preference

  • Series B Liquidation Preference means a liquidation preference for each Series B Preference Unit initially equal to $25.00 per unit, which liquidation preference shall be subject to (a) increase by the per Series B Preference Unit amount of any accumulated and unpaid distributions (whether or not such distributions shall have been declared) and (b) decrease upon a distribution in connection with a Liquidation Event described in Section 17.4 which does not result in payment in full of the liquidation preference of such Series B Preference Unit.

  • Series C Liquidation Preference means a liquidation preference for each Series C Preferred Unit initially equal to $25.00 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series C Preferred Units), which liquidation preference shall be subject to increase by the per Series C Preferred Unit amount of any accumulated and unpaid Series C Distributions (whether or not such distributions shall have been declared).

  • Series A Liquidation Preference means a liquidation preference for each Series A Preferred Unit initially equal to $1,000 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series A Preferred Units), which liquidation preference shall be subject to increase by the per Series A Preferred Unit amount of any accumulated and unpaid Series A Distributions (whether or not such distributions shall have been declared).

  • Series C Preferred means the Company’s Series C Preferred Stock, par value $0.001 per share.

  • Series D Preferred means the Corporation's Series D Convertible Preferred Stock, par value $.002 per share.