Incumbent Vendor definition

Incumbent Vendor means the vendor that currently supplies the goods or services to the County. Incumbent vendors are also Approved Vendors and as such should normally be included in any request for bid process for that good or service. (See Section 8.5) Historical performance of an incumbent shall be one of the evaluation elements considered when deciding to include an incumbent in a request for bid process or not. Having the history of a vendor’s performance documented is in the best interest of both the County and the vendor.
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Examples of Incumbent Vendor in a sentence

  • Additional payments due to Incumbent, Vendor(s) or Motorola (for Motorola Services and/ or other Motorola costs identified on Schedule C), which result from an excess of Actual Costs over the Cost Estimate, as agreed on the Reconciliation Date, will be disbursed to Incumbent, Vendor or Motorola (for Motorola Services and/ or other Motorola costs identified on Schedule C) within thirty (30) days of execution by the Parties of the Amendment documenting the approved changes from such Change Notice.

  • Additional payments due to Incumbent, Vendor(s) or Motorola (for Motorola Services and/ or other Motorola costs identified on Schedule C), which result from an excess of Actual Costs over the Cost Estimate, as agreed on the Reconciliation Date, will be disbursed to Incumbent, Vendor or Motorola (for Motorola Services and/ or other Motorola costs identified on Schedule C) within thirty (30) days of execution by the Parties of an amendment documenting the approved changes from such Change Notice.