Irrevocable Bid definition
Irrevocable Bid means a Bid or Proposal, whereby the Bidder and the Municipality are bound by a contractual obligation· under both expressed terms of the Bid Request and implied terms based on the laws of competitive procurement. The inclusion of Bid deposit or Bid Bond in a Bid Request is the means or normal method by which the Municipality obtains an Irrevocable Bid.
Irrevocable Bid means a Bid or Proposal, whereby the Bidder and the Council are bound by a contractual obligation under both expressed terms of the Bid Request and implied terms based on the laws of competitive procurement. The inclusion of Bid deposit or Bid
Examples of Irrevocable Bid in a sentence
Maintenance Agreement drawn up by an Irrevocable Bid for the provision of long term services (Bid no.
The Deposits of Qualified Bidders not selected as a Successful Bidder shall be returned to such bidders within five (5) Business Days of the date upon the earlier of the Irrevocable Bid Date or (ii) the date that this SISP is terminated.
Parts Sale Agreement drawn up by a Long Term Irrevocable Bid for the Sale of Program Parts and Other Accessories and Services Abroad (Bid no.