Competitive Sealed Bids definition

Competitive Sealed Bids means an advertised procurement method in which the award is made to the lowest responsive, responsible bidder. The use of competitive sealed bids is a method of contracting for goods and nonprofessional services. In open competitive bidding, the sealed bids are opened either virtually or in full view of all who may wish to witness the bid opening. Competitive bidding aims at obtaining goods and services at the lowest prices by stimulating competition and by preventing favoritism.

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Competitive Sealed Bids generally means both sealed bids and sealed proposals. Sealed proposals should be used if the criteria for vendor selection can be clearly defined, the selection process will benefit the municipality, and the process is approved by the municipality’s board of commissioners. See “Sealed Bids or Proposals” (Exhibit 30).

Competitive Sealed Bids means the procurement method whereby the Coastal Bend Council of Governments drafts the specifications, schedule and other conditions for award and sends the bid package to interested bidders and/or publishes an announcement one the CBCOG’s website and in local periodicals. To be considered, bids must conform to the Invitation for Bid (IFB). Bid opening is a formal, public procedure where the award is made to the lowest responsible, responsive bidder. Award is not generally made at bid openings; rather the prices are read publicly and, after evaluation, the award is made.

Examples of Competitive Sealed Bids in a sentence

Competitive Sealed Bids Award: BA Construction, Inc., Lanham, MD Amount: $1,072,358.79 Term: 210 Days MBE Participation: 10% Remarks: The upgrade of the water distribution system includes looping of water mains to improve pressure throughout the system.
Water Distribution System Upgrades Description: Furnish and install materials to upgrade the water distribution Procurement: Competitive Sealed Bids Bids: ▇▇▇▇ ▇▇▇▇, Inc., Cumberland, MD $ 494,869.00 Excavating Associates, Inc., Ellerslie, MD $ 570,096.00 Byco Enterprises Inc, Grantsville, MD $ 651,030.70 Mid-Atlantic Utilities, Inc., Carlisle, PA $ 838,260.00 Triple R Construction Corp., Rockville, MD $1,177,670.00 Award: ▇▇▇▇ ▇▇▇▇, Inc.
Project No. P-032-110-010; Maintenance Shop Renovations PROCUREMENT METHOD Competitive Sealed Bids ITEM 3-GM (Cont.) AWARD Boulevard Contractors Corp.
PROCUREMENT METHOD Competitive Sealed Bids (Small Business Reserve) BIDS OR PROPOSALS AMOUNT Full-Brite Cleaning Services Inc.
Competitive Sealed Bids are used when the price is the sole factor for selecting the award.
PROCUREMENT METHOD Competitive Sealed Bids BIDS OR PROPOSALS Base Bid ▇▇▇▇▇▇ & Sons, Inc., Easton, MD $ 222,182.00 Delmarva Veteran Builders, Salisbury, MD $ 288,300.00 AWARD ▇▇▇▇▇▇ & Sons, Inc.
RCW 36.32.245 requires a formal, competitive process, such as Competitive Sealed Bids and Request for Proposal (RFP), for purchases that exceed $50,000.
For Competitive Sealed Bids the Contract will be awarded in accordance with Commission Procurement Regulations §4-202 to the responsive and responsible Bidder who submits the lowest Bid price or lowest Evaluated Bid Price, as appropriate, and for Multi-Step Sealed Bids, the Contract will be awarded to the most responsive and responsible Bidder, who offers the lowest price or lowest Evaluated Bid Price, in conformance with the Invitation for Bids.
Project No. P-015-091-010; Historic Restoration to Three Shelters ADPICS No.: 001B0400693 PROCUREMENT METHOD Competitive Sealed Bids AWARD ▇.
PROCUREMENT METHOD Competitive Sealed Bids BIDS OR PROPOSALS AMOUNT Towson Mechanical, Inc., Parkville, MD $1,167,150.00 Denver-Elek, Inc., Essex, MD $1,407,680.00 ▇.▇.

More Definitions of Competitive Sealed Bids

Competitive Sealed Bids means sealed bids whereby the award will be based upon the Contractor that submitted the lowest-price bid.

Competitive Sealed Bids generally means both sealed bids and sealed proposals.

Competitive Sealed Bids means a bid(s) submitted in response to an Invitation to Bid issued under ORS 279B.055, or if for a public improvement issued under ORS Chapter 279C.

Competitive Sealed Bids means the solicitation procedure commenced by the issue of an invitation to bid and in response to which a bidder submits a bid;

Competitive Sealed Bids. Herein referred to as an Invitation For Bid (IFB). Must be used if the expected contract will be over $150,000. A formal method of procurement whereby sealed bids are publicly solicited and a firm fixed-price contract is awarded to the responsible bidder whose bid, conforming to all the material terms and conditions of the invitation for bid, is the lowest, responsive bid.