Competitive bidding procedure definition

Competitive bidding procedure means the advertisement for, solicitation of, or the procurement of bids; the manner and condition in which bids are received; and the procedure by which bids are opened, accessed, evaluated, accepted, rejected or awarded. A “competitive bidding procedure” refers to all types of competitive solicitation processes referenced in this chapter and may include a transaction accomplished in an electronic format.
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Competitive bidding procedure means the advertisement
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Competitive bidding procedure means the advertisement for, solicitation of, or the procurement of bids; the manner and condition in which bids are received; and the procedure by which bids are opened, accessed, accepted, rejected, or awarded. A "competitive bidding procedure" may include a transaction accomplished in an electronic format.
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Examples of Competitive bidding procedure in a sentence

  • Competitive bidding procedure: a) This procedure must comply with the requirements of the local government, which holds jurisdiction over their area.

  • The workshop was conducted in a semi-formal format and lasted for approximately four hours with a forty five minutes lunch break.

  • Competitive bidding procedure; consolidation of estimates by Secretary; bids;11 awarding of contracts; cost plus percentage of cost contracts strictly12 prohibited.13 (a) As feasible, theThe Secretary of Administration will shall compile and consolidate14 all such estimates of supplies, materials, printing, equipment and contractualgoods and services15 needed and required by State departments, institutions and agencies to determine the total16 requirements of any given commodity.

  • The main reasons that had caused the project cost variation are: (1) Chinese currency value had been increased; (2) Competitive bidding procedure and good contract management were carried out during SUDP implementation, which saved the project budget; and(3) Some of sub-components in SUDP had been dropped due to the changes of regional master plans as well as lack of local counterpart funds, which were caused by the earthquake, fiscal crises, increased exchange value of RMB currency.

  • Regulation 63 - Prior Approval of Commission (Section 102 of the Act)(1) The Concession Entity shall obtain the approval of the Commission prior to adopting the Restricted Competitive bidding procedure in accordance with Regulations 61.

  • Bids complete in all respect along with all the requisite document and information can be submitted on or before 9th May 2023 on 11.00 a.m. Bill of Quantities (BOQs) along with the PO/DD of bid security amount of 2% duly filled and signed & stamped by the firm may be submitted in a separate envelope as per Competitive bidding procedure of Single-Stage Two Envelope as per Rule 36 (b) of PPRA.

  • Competitive bidding procedure for existing projects For wind turbines at sea that are commissioned after 31 December 2020 but before 1 January 2025, the Act provides for two competitive bidding procedures for “existing projects”.

  • Competitive bidding procedure Further, in the present case, the Norwegian authorities have presented information showing that the sale of the Area was conducted through a competitive bidding procedure.

  • Competitive bidding procedure This paper extends the work of De Clerck and Demeulemeester [9] in which a single-project environment has been analyzed.

  • Competitive bidding procedure; consolidation of estimates by Secretary;37 bids; awarding of contracts.38 As feasible, the Secretary of Administration will compile and consolidate all such39 estimates of supplies, materials, equipment and contractual services needed and required40 by State departments, institutions and agencies to determine the total requirements of41 any given commodity.


More Definitions of Competitive bidding procedure

Competitive bidding procedure means a non-discriminatory bidding process that provides for the participation of a sufficient number of producers and where the incentives are granted on the basis of either the initial bid submitted by the bidder or a clearing price. In addition, the budget or volume related to the bidding process is a binding constraint leading to a situation where not all bidders can receive incentives;
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Competitive bidding procedure means a procedure approved by the commission
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Competitive bidding procedure means the advertise- ment for, solicitation of, or the procurement of bids; the man- ner and condition in which bids are received; and the proce- dure by which bids are opened, accessed, evaluated, accept- ed, rejected or awarded. A “competitive bidding procedure” refers to all types of competitive solicitation processes refer- enced in this chapter and may include a transaction accom- plished in an electronic format.
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Competitive bidding procedure means a procedure whereby producers of low or zero carbon products that have applied for Innovation Fund support are selected on the basis of the most competitive bid, in accordance with Article 13d of this Regulation;
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Related to Competitive bidding procedure

  • competitive bidding process means a competitive bidding process referred to in paragraph 12 (1) (d) of this Policy;

  • 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;

  • Open Competitive Bidding means a fair and transparent specified procedure defined under these Rules, advertised in the prescribed manner, leading to the award of a contract whereby all interested persons, firms, companies or organizations may bid for the contract and includes both National and International Competitive Biddings;

  • Competitive Bid means an offer by a Lender to make a Competitive Loan in accordance with Section 2.04.

  • Competitive Bid Note means a promissory note of any Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of such Borrower to such Lender resulting from a Competitive Bid Advance made by such Lender to such Borrower.

  • Competitive Bid Accept/Reject Letter means a notification made by a Borrower pursuant to Section 2.03(d) in the form of Exhibit A-4.

  • Competitive Bid Quote Request means a Competitive Bid Quote Request substantially in the form of Exhibit C hereto completed and delivered by the Borrower to the Administrative Agent in accordance with Section 2.3.2.

  • Competitive Bid Margin has the meaning set forth in Section 2.03(d).

  • 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 Bid Loan means a Competitive Bid LIBOR Loan or a Competitive Bid Absolute Rate Loan.

  • Competitive Bid Request means a request by the Borrower for Competitive Bids in accordance with the provisions of Section 2.2(b).

  • Bidding Procedures means the procedures governing the Auction and sale of all or substantially all of the Debtors’ assets, as approved by the Bankruptcy Court and as may be amended from time to time in accordance with their terms.

  • Competitive Bid Reduction has the meaning specified in Section 2.01.

  • Competitive Bid Borrowing means a borrowing consisting of simultaneous Competitive Bid Advances from each of the Lenders whose offer to make one or more Competitive Bid Advances as part of such borrowing has been accepted under the competitive bidding procedure described in Section 2.03.

  • Bidding Procedures Order means that certain order of the Bankruptcy Court, entitled “Order (A) Approving Sale Procedures and Bid Protections, Including Break-Up Fee(s), In Connection With Sale Of Substantially All Assets; (B) Scheduling An Auction For And Hearing To Approve One Or More Sales; (C) Approving Notice Of Respective Date, Time And Place For Auction And For Hearing On Approval Of Sale(s),” entered on January 16, 2009.

  • Competitive Bid Advance means an advance by a Lender to any Borrower as part of a Competitive Bid Borrowing resulting from the competitive bidding procedure described in Section 2.03 and refers to a Fixed Rate Advance or a LIBO Rate Advance.

  • Notice of Competitive Bid Borrowing has the meaning specified in Section 2.03(a).

  • Competitive Bid Quote means a response submitted by a Lender to the Administrative Agent or the Borrower, as the case may be with respect to an Invitation for Competitive Bid Quotes in the form attached as Exhibit C-3.

  • Bidding Process means the procurement procedure under which sealed bids are invited, received, opened, examined and evaluated for the purpose of awarding a contract;

  • Invitation for Competitive Bid Quotes means an Invitation for Competitive Bid Quotes substantially in the form of Exhibit 2.2(c).

  • Responsive Bidder or Offeror means a person who submits a bid or proposal which conforms in all material respects to the invitation for bids or request for proposals.

  • Base Bid means a Bid for Public Works to be performed or Supplies or Services to be furnished under a City Contract, including additives, alternates, deductives, excluding force accounts, and taxes collected separately pursuant to Washington Administrative Code (“WAC”) 458-20-171.

  • Responsive bidder means a person who has submitted a bid that conforms in all material respects

  • Technical Bid means the bid submitted online through the electronic bidding platform, containing the documents as listed out in Clause 2.5.2 of this RFP;

  • Alternative Bid means a response to a bid that does not meet the exact requirements of the specification but offers an alternative for consideration. An alternative bid is submitted with an intentional variation to a provision, specification, term or condition of the solicitation. This alternative, in the opinion of the bidder, achieves the same end result. Alternative bids may be rejected as non-responsive.

  • Auction Procedures means the Auction Procedures that are set forth in Paragraph 10 of the Articles Supplementary.