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 bidding means the following multistep process.
Competitive bidding means a procedure leading to the award of a contract whereby all the interested persons, firms, companies or organizations may bid for the contract and includes both national competitive bidding and international competitive bidding;
Examples of Competitive bidding in a sentence
Except as ADB may otherwise agree, Goods and Works shall only be procured on the basis of the methods of procurement set forth below: International Competitive Bidding National Competitive Bidding Shopping The methods of procurement are subject to, among other things, the detailed arrangements and threshold values set forth in the Procurement Plan.
More Definitions of Competitive bidding
Competitive bidding. – means competitive bidding process as envisaged by the SCM Regulations; or competitive bidding process.
Competitive bidding means a procedure leading to the award of a contract whereby all the interested persons, firms, companies or organizations may bid for the contract;
Competitive bidding means the submission of prices by a business competing for a contract to provide supplies, materials, equipment or contractual services to a state contracting agency, under a procedure in which the contracting authority does not negotiate prices, as set forth in statutes and regulations concerning procurement;
Competitive bidding means the offer of firm bids by individuals or firms competing for a contract, privilege, or right to supply specified services or goods.
Competitive bidding. ’ means a procure- ment process under which the Secretary or a State agency selects a single source (a single infant formula manufacturer) offering the low- est price, as determined by the submission of sealed bids, for a product for which bids are sought for use in the program authorized by this section.
Competitive bidding means a method of procurement that provides an equal access to all bidders without discrimination;
Competitive bidding means a process of acquisition wherein bidders submit bids to the Purchasing Director pursuant to terms, conditions and other requirements of a solicitation.