Competitive Sealed Bidding means the competitive process described within an Invitation for Bids, wherein the City invites Offerors to submit bids to supply the City with the Goods and/or Service describes in the Solicitation document, where the City will award the resulting contract to the responsible Offeror submitting the low responsive bid.
Competitive Sealed Bidding means the issuing of Invitations to Bid, which follow the formal process for advertising, submitting bids, and conducting of public bid openings as required by ORS 279B.055.
Competitive Sealed Bidding. (Invitation for Bid) means a written solicitation for sealed competitive bids used for the procurement of a commodity, group of commodities, or services valued more than the threshold for this category. The invitation for bids is used when the County is capable of specifically defining the scope of work for which a contractual service is required or when the County is capable of establishing precise specifications defining the actual commodity or group of commodities required.
Examples of Competitive Sealed Bidding in a sentence
Competitive sealed bidding requires publicly solicited sealed bids and a firm-fixed price lump sum or unit price contract is awarded to the responsible bidder whose bid, conforming to all the material terms and conditions of the advertisement for bid, is lowest in price.To facilitate competitive bidding, a list of prospective contractors for each type of activity should be assembled.
More Definitions of Competitive Sealed Bidding
Competitive Sealed Bidding means the procurement process set forth in Section 3-103 of this Regulation.
Competitive Sealed Bidding means a method of soliciting public works construction contracts whereby the award is based upon the lowest responsive, responsible bid in conformance with the provisions of subsection (b) of Code Section 36-91-21.
Competitive Sealed Bidding means the Procurement process set forth in MC1-315 through MC1-327.
Competitive Sealed Bidding means the sourcing method according to ORS 279B.055.
Competitive Sealed Bidding means a formal method of selecting the lowest responsive and responsible bidder. It includes the issuance of a written Invitation to Bid (“IFB”), public notice, a public bid opening, and evaluation based on the requirements set forth in the invitation (See Article 2, Section 4 A herein). Upon implementation of methods prescribed by the Purchasing Agent for conducting transactions electronically, an IFB may be issued directly to vendors electronically, or bids in response thereto may be submitted electronically if specifically authorized in the IFB.
Competitive Sealed Bidding means a method of procurement which
Competitive Sealed Bidding means a method of soliciting public works construction