Composite bid definition

Composite bid means a bid in which the technical and financial parts are combined into one but their evaluation is sequential.
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Composite bid means the sum of a bidding supplier’s weighted bids for all items within a product category for purposes of allowing a comparison across bidding suppliers.
Sample 1

Examples of Composite bid in a sentence

  • The Bidder securing the Highest Composite Bid Score will be adjudicated with the Best Value Bidder for award of the project.

Related to Composite bid

  • Financial Bid means that part of the offer, that provides price schedule, total project costs etc.

  • Acceptable bid means any bid which, in all respects, complies with the conditions of bid and specifications as set out in the bid documents.

  • bid means a written offer in a prescribed or stipulated form in response to an invitation by an organ of state for the provision of goods or services, through price quotations, advertised competitive bidding processes or proposals;

  • Discount Range Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Discount Range Prepayment Notice means a written notice of a Borrower Solicitation of Discount Range Prepayment Offers made pursuant to Section 2.11(a)(ii)(C) substantially in the form of Exhibit K.