Competitive bidding definition

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;

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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

All other agencies of the State of Iowa and all political subdivisions of the State of Iowa may make purchases pursuant to the Contract as permitted by the Competitive Bidding Document.
If there is a conflict between the Contract, the Competitive Bidding Document and the Bid Proposal, the conflict shall be resolved according to the following priority, ranked in descending order: (1) the Contract; (2) the Competitive Bidding Document; (3) the Bid Proposal.
The parties acknowledge that the Contract consists of these contract terms and conditions as well as the Competitive Bidding Document and the Bid Proposal.
The references to the parties' obligations, which are contained in this document, are intended to supplement or clarify the obligations as stated in the Competitive Bidding Document and the Contractor’s Bid Proposal.
The failure of the parties to make reference to the terms of the Competitive Bidding Document or the Contractor’s Bid Proposal in this document shall not be construed as creating a conflict and will not relieve the Contractor of the contractual obligations imposed by the terms of the Competitive Bidding Document and the Contractor’s Bid Proposal.

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 competitive bidding process as envisaged by the SCM Paragraphs;

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 the formal process of advertising, bidding, and bid opening required by the Public Contracting Code and these rules.

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.