Competitive bid process definition

Competitive bid process means the procurement of goods or services that follows the guidelines outlined in 1 CSR 40.
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Competitive bid process means those processes and procedures applicable to the County in procuring goods and services under Missouri State bidding laws and applicable County Ordinances (Chapter 10). In obtaining bids under current County bid procedures and approving contracts and change orders for the Project reasonable best efforts will be taken to mitigate construction risks and costs, including using or requiring guaranteed maximum price (“GMP”) contracts, payments and performance bonds in an amount equal to the entire contracted amount of the respective part of the work and builder’s all risk insurance.
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Competitive bid process means an Informal Bid Process or a Formal Bid Process.
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More Definitions of Competitive bid process

Competitive bid process means a transparent procurement
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Related to Competitive bid process

  • Competitive Bid Request means a request by the Borrower for Competitive Bids in accordance with Section 2.04.

  • Competitive Bid Rate means, with respect to any Competitive Bid, the Margin or the Fixed Rate, as applicable, offered by the Lender making such Competitive Bid.

  • Competitive bidding means a transparent process for procurement of equipment, services and works in which bids are invited by the project developer by open advertisement covering the scope and specifications of the equipment, services and works required for the project, and the terms and conditions of the proposed contract as well as the criteria by which bids shall be evaluated, and shall include domestic competitive bidding and international competitive bidding;

  • Competitive Bid Margin means the margin above or below the applicable Eurodollar Base Rate offered for a Eurodollar Bid Rate Loan, expressed as a percentage (rounded to the nearest 1/100 of 1%) to be added or subtracted from such Eurodollar Base Rate.

  • Competitive Bid Loan means a Eurodollar Bid Rate Loan or an Absolute Rate Loan, or both, as the case may be.