Formal competition definition
Formal competition means a competitive selection process that employs a request for proposals or other means of competitive selection authorized by applicable law and results in procurement of a good or service.
Formal competition means a competitive selection process that employs a request for proposal or other competitive selection process authorized by applicable law resulting in a service contract.
Formal competition means a competitive selection process other than informal competition, including without limitation a request for proposals or request for bids, and which results in the procurement of information technology.
More Definitions of Formal competition
Formal competition means the acquisition of Goods and Services governed by competitive bidding law utilizing an Invitation to Tender, a Request for Proposal, an Expression of Interest, etc;
Formal competition means a solicitation process that requires bids or proposals to be submitted in a prescribed format in a sealed envelope, sealed package, or electronic means to be opened at a specified time.
Formal competition means the acquisition of Goods and/or Services governed by competitive bidding law utilizing an Invitation to Tender, a Request for Proposal, an Expression of Interest, or some other competitive mechanism.
Formal competition means the acquisition of goods or services governed by competitive bidding law with formal public advertising utilizing an request to tender, a request for proposal, an expression of interest, etc.
Formal competition means the process of advertising and receiving sealed bids or proposals from prospective contractors or suppliers. Responses to formal solicitations are opened in a public setting.
Formal competition means the acquisition of goods or services governed by competitive bidding law with formal public advertising utilizing an request to tender, a request for proposal, an expression of interest, etc.