Competitive Process definition

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.
Competitive Process means either an Open Competition or an Invitational Competition;
Competitive Process means Open Competitions, Invitational Competitions and Limited Competitions.

Examples of Competitive Process in a sentence

  • Competitive Process Please respond to ALL of the questions in the following sections.

  • After the award of contract, information may be provided in accordance with the detailed guidance on "Notifying Tenderers and Disclosure of Information" outlined in the booklet "Public Procurement Guidelines - Competitive Process" and published in the general procurement guidance section of the website.

  • In the Competitive Process, qualified students are ranked on the basis of their performance in meeting admission criteria and completing admission requirements.

  • All Invitational Competitions, Open Competitions and Limited Competitions must be conducted in accordance with the Competitive Process Protocol.

  • Employees must be in pay status for one-half (1/2) or more of the regularly scheduled workdays and holidays in a pay period to earn vacation leave during that pay period.

More Definitions of Competitive Process

Competitive Process means the solicitation of bids from multiple suppliers.
Competitive Process means any public or private auction or other competitive sale process conducted and run in accordance with the advice of a reputable, independent and internationally recognised investment bank, firm of accountants or third party professional firm which is regularly engaged in such sale processes with a view to obtaining a fair market price in the prevailing market conditions (without any obligation to postpone to obtain a higher price) and in which the Second Lien Creditors and High Yield Creditors are entitled to participate (and for the avoidance of doubt, in which the Senior Secured Creditors are also entitled to participate) as prospective buyers and/or financiers (including as part of a consortium). For the purposes of this definition, “entitled to participate” shall be interpreted to mean:
Competitive Process means the process approved by the Council to determine the most
Competitive Process means the Solicitation of Bids through more than one Supplier;
Competitive Process means the process approved by the Council to determine the most cost- effective privatization technique.
Competitive Process means a ((documented formal process providing a fair and open opportunity to qualified parties and culminating in a selection based on criteria which may include such factors as the party's fees or costs, ability, capacity, experience, reputation, responsiveness to time limi- tations, responsiveness to solicitation requirements, quality of previous performance, and compliance with statutes and rules relating to contracts or services.
Competitive Process means a call for alternative proposals, closed/selective/targeted group tender, or a public tender.