Formal Bid definition

Formal Bid means a sealed bid submission.
Formal Bid means a take-over bid or issuer bid made in accordance with Part 2 of NI 62-104;
Formal Bid means a bid submitted in response to and in accordance with a formal Invitation to Bid. It shall bear the manual signature of the vendor’s authorized representative.

Examples of Formal Bid in a sentence

  • City has selected Consultant as the lowest and best bidder based on full consideration of all factors, preferences, and conditions deemed applicable by City as described in the Formal Bid Tabulation Form; attached hereto and incorporated by reference as Exhibit C.


More Definitions of Formal Bid

Formal Bid means a procedure to solicit bids for items or work costing more than
Formal Bid means a formal take-over bid or a formal issuer bid; (“offre formelle”)
Formal Bid means a written quotation obtained in a sealed envelope from an approved vendor or through advertisement and opened at a specific day, place and time.
Formal Bid means a formal sealed response received as a part of a competitive bid.
Formal Bid has the meaning ascribed in the Act;
Formal Bid means a bid and associated addenda that require public notification. These can include request for proposals (RFPs), formal contracts, and annual buys, but does not include a request for quotation that does not require public notification.
Formal Bid means a bid submitted in response to and in accordance with a formal