Bid Unit definition

Bid Unit means the unit designation which shall be applicable to all pricing offered for bid evaluation purposes. Unit cost, freight, fixed fee, estimated usage and the extended cost shall be stated in terms of the designated bid unit. In some instances, the bid unit and the package unit may be the same.
Sample 1Sample 2Sample 3
Bid Unit means the unit designation which shall be applicable to all pricing offered for bid evaluation purposes. Unit cost, freight, fixed fee, estimated usage and the extended cost shall be
Sample 1Sample 2

Examples of Bid Unit in a sentence

  • The Engineer shall develop a preliminary cost estimate using the Average Low Bid Unit Price.

  • Unbalanced high or low Bid Unit Prices will be reviewed and may be grounds for rejection.

  • Bidder acknowledges that (1) each Bid Unit Price includes an amount considered by Bidder to be adequate to cover Contractor’s overhead and profit for each separately identified item, and (2) estimated quantities are not guaranteed, and are solely for the purpose of comparison of Bids, and final payment for all unit price Bid items will be based on actual quantities, determined as provided in the Contract Documents.

  • The negotiated unit price can be higher or lower than the Bid Unit Price.

  • All bids must be submitted and received by Caltrans Division of Procurement and Contracts, Bid Unit by dates and times shown in the IFB, Section C) Bid Requirements and Information, Item 1) Time Schedule.

  • THE FOLLOWING CLAUSE IS NOT APPLICABLE FOR THIS BID ==================================================== b & c) Sealed Proposals (Submission by letter through Post/Courier OR Physical Submission) The Proposal must be sent or physically submitted to the attention of the Bid Unit of UNICEF Bangladesh Country Office, Plot # E-30, Syed Mahbub Morshed Avenue, Sher-E-Bangla Nagar, Dhaka 1207, Bangladesh (Tel: +880 9604107149).

  • All bids must be submitted and received by Caltrans Division of Procurement and Contracts, Bid Unit by dates and times shown in the IFB, Section C, Bid Requirements and Information, Item 1, Time Schedule.

  • The final Contract amount owing to the Contractor shall be determined by taking the actual quantities that are incorporated in, or made necessary by the Work, as confirmed by count and measurement, and multiplying by the appropriate Bid Unit Price adjusted by any changes that are made in accordance with the provisions of the Contract Documents.

  • Each Extension shall be equal to the Estimated Quantity (Column 3) multiplied by the Bid Unit Price (Column 5).

  • In the event that an arithmetic error is made in multiplying the Estimated Quantity (Column 3) by the Bid Unit Price (Column 5) the Owner shall correct the arithmetic error including the Extension and the Total Estimated Contract Price.

Related to Bid Unit

  • Said Unit means the said Flat, the said Vehicle Parking Space, (if any), and the right of common use of the Common Portions and wherever the context so intends or permits, shall also include the Said Undivided Share.

  • Membership Unit means a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.

  • GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

  • LLC Unit means a common limited liability interest in the Company.

  • Partnership Unit means, with respect to any class of Partnership Interest, a fractional, undivided share of such class of Partnership Interest issued pursuant to Sections 4.1 and 4.3 (including Performance Units). The ownership of Partnership Units may be evidenced by a certificate for units substantially in the form of Exhibit D-1 or D-2 hereto or as the General Partner may determine with respect to any class of Partnership Units issued from time to time under Sections 4.1 and 4.3.

  • Designated Unit means information technology devices (e.g. hard disks or central processing units) identified by Licensee pursuant to this Agreement that have been officially made known to the public as appropriate for Use or interoperation with the Software.

  • Common Share means one share of the common stock of the Company.

  • Class A Unit means a Unit representing a fractional part of the equity interest in the Company having the rights and obligations specified with respect to the Class A Units in this Agreement.

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

  • Academic Unit means one of the listed Departments or Schools of Acadia University.

  • FTPS Unit means Units which are purchased through the Fund/SERV(R) trading system or on a manual basis through FTP Services LLC or for which FTP Services LLC is acting as FTPS Unit Servicing Agent.

  • euro unit means the currency unit of the Euro.

  • Unit Share has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Performance Share means an Award denominated in Shares which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine pursuant to Section 10.

  • Time-share unit means a condominium unit in which a time-share estate or a time-share license exists.

  • Preference Share means a preference share of a par value of US$0.0001 in the share capital of the Company.

  • OP Unit means a Partnership Unit which is designated as an OP Unit of the Partnership.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • REIT Share means a share of common stock, par value $.01 per share, of the General Partner.

  • Class D Unit means a Partnership Unit entitling the holder thereof to the rights of a holder of a Class D Unit as provided in this Agreement.

  • Class B Share means a Class B ordinary share of a par value of US$0.0001 in the share capital of the Company.

  • Covered Units means: (i) during the period of the Employee’s employment with the Corporation, each business unit of the Corporation; and (ii) following the Employment Termination Date, each business unit of the Corporation in or for which the Employee was employed or to which the Employee provided services or about which the Employee obtained or had access to Confidential Information, in each case of this clause (ii) at any time within the twenty-four (24)-month period prior to the Employment Termination Date. The Employee acknowledges and agrees that if the Employee is or was employed at a segment level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of such segment; and if the Employee is or was employed at the corporate/headquarters level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of the Corporation.

  • Membership Units has the meaning set forth in the Recitals.

  • Tendered Units shall have the meaning set forth in Section 8.6.A.

  • Participating Share or “Share” means the Participating Shares of no par value in the