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 an Informal Bid Process or a Formal Bid Process.
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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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Examples of Competitive bid process in a sentence

  • Procedures for negotiating with vendors.Whereas, negotiations are not allowed with the Competitive bid process, negotiations are an integral part of the RFP/CSP process.

  • The Petitioner has been designated as the nodal agency for implementation of scheme for setting up of ISTS connected/ State specific solar/ wind power projects under Tariff Based Competitive bid process; enter into PPAs at the tariff discovered in the competitive bid process; and enter into PSAs with the distribution licensees to enable them to fulfill their Renewable Purchase Obligations under Section 86(1)(e) of the Act.

  • Purchase of Professional Service > $100,000; or Construction > $2,500,000 Bidding: Use one of the following: Competitive bid process or RFP in compliance with Utah Code 63G-6a sections 601–612 and 701–711.

  • The Blackout Period Competitive bid process for actuarial services and associated health benefit consulting services will commence on December 8, 2022, and conclude after the Health Service Board's final approval in June 2023.2. The Blackout Period Annual Rates and Benefits for the 2024 plan year will commence on December 8, 2022, and conclude after the Board of Supervisors' final approval of the health plan rates and benefits in July 2023.

  • Competitive bid process for the purchase of goods and/or services totaling $10,000 or more.

  • Competitive bid process was followed as prescribed by TexasProperty Code.Resident asked for the process to be shared with residents.

  • Recently, in a reverse auction Competitive bid process conducted by SECI for setting up of 1 GW Wind Power projects as per MNRE guidelines, the wind tariff rates discovered of Rs.2.64 per unit.

  • From the Finance & Administration and Judiciary and Law Committees a Resolution to Request to Suspend Competitive bid process; Sole Source for purchase of T.A.S.E.R. brand conducted energy devices and supplies.

  • Copies of the complete notice of bond sale shall be furnished upon request to bid- ders, investors and the public.[1983 c.320 §11; 1991 c.143 §2; 1991 c.902 §105; 1999 c.559 §18; 2001 c.537§4] 288.895 Competitive bid process by state.

  • Bike Share Program Presentation:• Background of MTC Grant to SCTA• Summary description of one-year pilot program; may extend possibly 3 years• Competitive bid process for selection of Bike Share Vendor• Gotcha – selected Vendor• Program highlights• Bike quantity for Petaluma to be determined• Outreach and marketing schedule anticipated as part of Gotcha contract: 2nd Quarter 2020; Implementation 2021• Next steps:o SCTA and municipalities to execute respective Bike Share contracts.

Related to Competitive bid process

  • Competitive Process means a formal sealed, electronic, or web-based bid procedure used for all nonclaims related purchases for goods and services over fifty thousand dollars. For purchases between five thousand dollars and fifty thousand dollars, competitive process means quotations obtained from at least three vendors by telephone or written quotations, or both, and supported by evidence of competition. Purchases up to five thousand dollars are exempt from competitive bids providing procurement is based on obtaining maximum quality at minimum cost.

  • Invitation for Bid (IFB means the solicitation document issued to potential vendors for the purchase of equipment, supplies, and/or services as described in the document. The definition includes these Terms and Conditions as well as all Pricing Pages, Exhibits, Attachments, and Addendums thereto.