Formal Competitive Process definition

Formal Competitive Process means a public procurement process that is competitive, open, transparent, non-discriminatory and compliant with the requirements of the AIT and NWPTA, and includes an ITQ, ITT, RFP, RFSO and RFQ;
Formal Competitive Process means a public Procurement process that is competitive, open, transparent, non-discriminatory and compliant with the requirements of the Applicable Trade Agreements.
Formal Competitive Process means a procurement method used to acquire goods and services through a solicitation for bid submissions that is open to more than one supplier and includes, but is not limited to, an invitation to tender, a request for proposals and request/invitation to quote.

Examples of Formal Competitive Process in a sentence

  • Estimated ThresholdsMethodGoods and ServicesLess than $5,000Small Purchase GuidelinesLess than $10,000Informal Process$10,000 to $50,000Invitational Bid Process or Formal Competitive Process (RFP, ITQ, RFSO)Greater than $50,000Formal Competitive Process (RFP, ITQ, RFSO)ConstructionLess than $100,000Invitational Bid Process or Formal Competitive Process (RFP, ITT)Greater than $100,000Formal Competitive Process (RFP, ITT) The chart below identifies the most popular Procurement Methods.

  • Formal Competitive Process – a process, via a Request for Proposal (RFP) or Request for Quotation (RFQ) used by OOD for direct authority purchases as allowed and/or required by Department of Administrative Services (DAS) directives, policies, and procedures and within OOD policies and procedures.

  • Formal Competitive Process: means a procurement method used to acquire goods and services through a solicitation for bid submissions that is open to more than one supplier and includes, but is not limited to, an invitation to tender, a request for proposals and request/invitation to quote.

  • When a Procurement transaction is awarded using a Formal Competitive Process, unsuccessful suppliers are entitled to a debriefing upon request to obtain feedback on the strengths and weaknesses of their Bid.

  • This begs, of course, the question of which yardstick is used when it is alleged that spin- offs do not grow much, nor that they are few in an international comparison.32Third, none of the studies provide empirical data that allows any firm conclusions about the frequency of new technology-based firms or university spin-offs in Sweden.

  • The Health System is a member of the following but not limited to GPOs and COOPS: MedAssets, Amerinet, First Choice, US Communicates, Purchasing Solutions Alliance, and the Texas Department of Information Resources (DIR).4.2 Formal Competitive Process: This solicitation is a formal competitive process.

  • Estimated ThresholdsMethodGoods and ServicesLess than $5,000Small Purchase GuidelinesLess than $10,000Informal Process$10,000 to $50,000Invitational Bid Process or Formal Competitive Process (RFP, ITQ, RFSO)Greater than $50,000Formal Competitive Process (RFP, ITQ, RFSO)ConstructionLess than $100,000Invitational Bid Process or Formal Competitive Process (RFP, ITT)Greater than $100,000Formal Competitive Process (RFP, ITT) ATTACHMENT BThe chart below identifies the most popular Procurement Methods.

  • OTHER IMPORTANT DETAILS 21F.1. Enhancing local economies 21F.2. Payment 21F.3. Checking documentation and files 21F.3.1 Formal Competitive Process 21F.3.2 Informal Procurement Process for purchases of value from € 10.001 to 20.000: .

  • Once the Formal Competitive Process is complete, and a successful Bidder has been selected, an electronic requisition should be entered for processing into a Purchase Order K212.

  • Relevant information (i.e. the Screening Opinion, the responses of Natural England, the Environment Agency and several other statutory consultees, and the Noise Assessment) was not placed on the planning register and, as a result, was not available to the planning committee members.


More Definitions of Formal Competitive Process

Formal Competitive Process means a public procurement process that is competitive, open, transparent, non-discriminatory and compliant with the requirements of the Canadian Free Trade Agreement (CFTA) and the New West Partnership Trade Agreement (NWPTA), and includes an ITQ, ITT, RFP, RFSO and RFQ.

Related to Formal Competitive Process

  • Competitive Process means a formal sealed, electronic, or web-based bid procedure used for all nonclaims related purchases for goods and services over fifty thousand dollars. For purchases between five thousand dollars and fifty thousand dollars, competitive process means quotations obtained from at least three vendors by telephone or written quotations, or both, and supported by evidence of competition. Purchases up to five thousand dollars are exempt from competitive bids providing procurement is based on obtaining maximum quality at minimum cost.

  • Competitive Product means a product or service, made or provided by a Competitor, which is the same as or is directly competitive with one with respect to which the Employee acquired confidential information relating to the Company, or its business, products or services by reason of the Employee's work with the Company.

  • Competitive Products shall include any product or service that directly or indirectly competes with, is substantially similar to, or serves as a reasonable substitute for, any product or service in research, development or design, or manufactured, produced, sold or distributed by the Company;

  • Anti-competitive Practice means any collusion, bid rigging or anti-competitive arrangement, or any other practice coming under the purview of The Competition Act 2002, between two or more bidders, with or without the knowledge of the Purchaser, that may impair the transparency, fairness and the progress of the procurement process or to establish bid prices at artificial, non-competitive levels;

  • Competitive integrated employment means work (including self-employment) that is performed on a full-time or part-time basis:

  • Competitive service means any service offered by an electric

  • Competitive contracting means the method described in sections 45 through 49 of P.L.1999, c.440 (C.18A:18A-4.1 through C.18A:18A-4.5) of contracting for specialized goods and services in which formal proposals are solicited from vendors; formal proposals are evaluated by the purchasing agent or counsel or School Business Administrator; and the Board awards a contract to a vendor or vendors from among the formal proposals received.

  • competitive bidding process means a competitive bidding process referred to in paragraph 12 (1) (d) of this Policy;

  • 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 Business means any firm, partnership, joint venture, corporation and/or any other Person, and/or any licensee of such entity, that develops, manufactures, markets, distributes, provides, offers, or sells any services or products substantially similar to First Party’s services or products.

  • Competitive Position means any employment with a Competitor in which Executive will use or is likely to use any Confidential Information or Trade Secrets, or in which Executive has duties for such Competitor that relate to Competitive Services and that are the same or similar to those services actually performed by Executive for the Company;

  • Competitive Activities means any business activities in which the Company or any other member of the Company Group engage (or have committed plans to engage) during the Term of Employment, or, following termination of Employee’s employment hereunder, was engaged in business (or had committed plans to engage) at the time of such termination of employment.

  • Competitive Activity will not include (i) the mere ownership of securities in any such enterprise and the exercise of rights appurtenant thereto or (ii) participation in the management of any such enterprise other than in connection with the competitive operations of such enterprise.

  • Competitive Business Activity means:

  • Competitive negotiation means a procedure for contracting for supplies, materials, equipment or contractual services, in which proposals are solicited from qualified suppliers by a request for proposals, and changes may be negotiated in proposals and prices after being submitted.

  • Open Competitive Bidding means a fair and transparent specified procedure defined under these Rules, advertised in the prescribed manner, leading to the award of a contract whereby all interested persons, firms, companies or organizations may bid for the contract and includes both National and International Competitive Biddings;

  • Competitive employment means work in the competitive labor market that is performed on a full-time or part-time basis in an integrated setting and for which an individual is compensated at or above the minimum wage, but not less than the customary wage and level of benefits paid by the employer for the same or similar work performed by individuals who are not disabled.

  • Competitive Services means engaging in the business of community banking or commercial banking, including, without limitation, originating, underwriting, closing and selling loans, receiving deposits and otherwise engaging in the business of banking, as well as the business of providing any other activities, products, or services of the type conducted, authorized, offered, or provided by the Bank as of Executive’s Termination Date, or during the two (2) years immediately prior to Executive’s Termination Date.

  • Competitive Set As defined in the STR Reports. Lessor and Lessee shall work in good faith to determine any additions and deletions to the Hotel’s Competitive Set, on or before November 15th of each year, with such changes to be applicable for the following Fiscal Year. In the event Lessor and Lessee cannot agree to the Hotel’s Competitive Set by November 15th of any year, such unagreed items shall be determined by Xxxxx Travel Research (or, if it refuses or is unable to do so, by arbitration pursuant to Section 25.2). The costs of resetting the Hotel’s Competitive Set shall be borne equally by the parties.

  • Competitive Products or Services means, as of any time, those products or services of the type that any of the Bank Entities is providing, or is actively preparing to provide, to its customers.

  • Period of Limited Activity means any period of time during which a person is confined in a Hospital or nursing facility or if not confined, unable to carry on the regular and usual activities of a healthy person of the same age and sex.

  • Competitive Bid Reduction has the meaning specified in Section 2.01.

  • Competitive Range means the responsive submissions that meet the evaluation criteria and are considered to be reasonably susceptible of award.

  • Generic Competition means, with respect to a Product in any country in a given calendar quarter, that, during such calendar quarter, (i) one or more Generic Products are commercially available in such country, and (ii) aggregate Net Sales of such Product in such country in such calendar quarter equal less than [****] percent ([****]%) of the average aggregate Net Sales of the Product over the four (4) calendar quarters immediately prior to the calendar quarter in which one or more Generic Products first became commercially available in such country.

  • Competing Product means […***…].

  • Commercial cannabis activity means the production, cultivation,