Late Bid definition

Late Bid or "Late Proposal" means a bid or proposal received at the place specified in the RFP after the date and time designated for all proposals to be received.
Sample 1Sample 2Sample 3
Late Bid. An offer received after the Opening Date and Time.
Sample 1Sample 2Sample 3
Late Bid means a Bid received by the Ministry’s Service Provider after the Tender Closing. Late Bid Notification is a statement sent by the Ministry’s Service Provider to a Bidder notifying the Bidder that their Bid is a Late Bid and will not be considered and is rejected. MERX means the company engaged by the Ministry to provide electronic tendering services, which is a subsidiary of Mediagrif Interactive Technologies Inc. Ministry means the Ministry of Transportation of Ontario. No Bid Statement means a ‘No Bid’ selection on a Summary Bid Submission Form submitted to the Ministry’s Service Provider from a Bidder who has an approved Tender Registration Form, but who does not intend on submitting a Summary Bid Submission Form containing a summary Bid prior to the Tender Closing, or intends to withdraw a summary Bid submitted on a Summary Bid Submission Form submitted to the Ministry prior to Tender Closing. Non-Qualified Contract means a Contract that does not require the Bidder to be a Rated Contractor. Non-Qualified Contractor Registration Form or NQCRF means the Ministry approved form supplied by the Ministry and completed by the Non-Rated Contractor. Non-Rated Contractor means a contractor who does not have a basic financial rating or maximum workload rating in accordance with the Ministry’s Qualification Procedures for Contractors.
Sample 1

Examples of Late Bid in a sentence

  • Any Bid received at the designated location after the established time will be considered a Late Bid.

  • The basis for any determination to accept a Late Bid shall be documented in the procurement record.

  • Notwithstanding the foregoing, a Late Bid may be accepted in the Commissioner’s sole discretion where (i) no timely Bids meeting the requirements of the Solicitation are received, or (ii) the Bidder has demonstrated to the satisfaction of the Commissioner that the Late Bid was caused solely by factors outside the control of the Bidder.

  • However, in no event shall the Commissioner be under any obligation to accept a Late Bid.

  • Notwithstanding the foregoing, a Late Bid may be accepted in the Commissioner’s sole discretion where (i) no timely Bids meeting the requirements of the Solicitation are received,(ii) in the case of a multiple award, an insufficient number of timely Bids are received to satisfy the multiple award, or (iii) the Bidder has demonstrated to the satisfaction of the Commissioner that the Late Bid was caused solely by factors outside the control of the Bidder.

  • Late Bid Response will be retained unopened in the file and not receive consideration, or will be returned at bidder's expense.

  • A Late Bid will be returned to the sender unopened and will not be considered in awarding a contract.

  • However, in no event will the Commissioner be under any obligation to accept a Late Bid.

  • Proposers mailing their bid must allow sufficient mail delivery time to ensure receipt of their bid at the specified location no later than the specified date and time.The received time of bids will be determined by the clock at the above noted location.Any Bid received at the designated location after the established time will be considered a Late Bid.

  • Any bid received after the specified time and date will be declared a "Late Bid" and will NOT be considered.


More Definitions of Late Bid

Late Bid means any document(s) received by the division of purchases, withdrawn or modified by the offeror, after the time and date set for receipt of bids and proposals. May also be referred to as late withdrawal or late modification.
Sample 1

Related to Late Bid

  • Base Bid means a Bid for Public Works to be performed or Supplies or Services to be furnished under a City Contract, including additives, alternates, deductives, excluding force accounts, and taxes collected separately pursuant to Washington Administrative Code (“WAC”) 458-20-171.

  • Responsive Bid means a Bid that complies with each of the provisions of this RFB, or is either an alternative bid or a bid with an exception, if accepted by the Agency.

  • Alternate Bid means multiple Bids with substantive variations from the same Bidder in response to a Solicitation.

  • Alternative Bid means a response to a bid that does not meet the exact requirements of the specification but offers an alternative for consideration. An alternative bid is submitted with an intentional variation to a provision, specification, term or condition of the solicitation. This alternative, in the opinion of the bidder, achieves the same end result. Alternative bids may be rejected as non-responsive.

  • Price Bid means the Price Bid submitted by the Bidder, in accordance with Clause 8.15.2;

  • Competitive Bid means a bid in terms of a competitive bidding process;

  • Responsive bidder means a person who has submitted a bid that conforms in all material respects

  • Contract base bid means the total dollar amount a contractor bids on a contract without factoring any bid incentive or percentage reductions to the bid amount.

  • Responsive Bidder or Offeror means a person who submits a bid or proposal which conforms in all material respects to the invitation for bids or request for proposals.

  • The Bidder means the individual or firm who participates in this tender and submits its bid.

  • Competitive Bid Rate means, with respect to any Competitive Bid, the Margin or the Fixed Rate, as applicable, offered by the Lender making such Competitive Bid.

  • Return Bid has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Competitive Bid Margin means the margin above or below the applicable Eurodollar Base Rate offered for a Eurodollar Bid Rate Loan, expressed as a percentage (rounded to the nearest 1/100 of 1%) to be added or subtracted from such Eurodollar Base Rate.

  • Competitive Bid Note means a promissory note of the Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of the Borrower to such Lender resulting from a Competitive Bid Advance made by such Lender.

  • Buy Bid means a bid to buy Capacity Resources in any Incremental Auction.

  • LIBOR Auction means a solicitation of Money Market Quotes setting forth Money Market Margins based on the London Interbank Offered Rate pursuant to Section 2.3.

  • BC Bid means the BC Bid website located at www.bcbid.ca;

  • Competitive Bid Loan means a Eurodollar Bid Rate Loan or an Absolute Rate Loan, or both, as the case may be.

  • Revised Rate With respect to any ARD Mortgage Loan, the increased interest rate after the Anticipated Repayment Date (in the absence of a default) for such ARD Mortgage Loan, as calculated and as set forth in the related Loan Agreement.

  • Competitive Bid Advance means an advance by a Lender to the Borrower as part of a Competitive Bid Borrowing resulting from the competitive bidding procedure described in Section 2.03 and refers to a Fixed Rate Advance or a LIBO Rate Advance.

  • Best Bid means the highest posted bid price of the Common Stock.

  • Non-responsive Bid means a bid, which is not submitted as per the instructions to the bidders or Earnest Money Deposit has not been attached, or the required data has not been provided with the Bid or intentional errors have been committed in the Bid.

  • Acceptable bid means any bid which, in all respects, complies with the conditions of bid and specifications as set out in the bid documents.

  • Prepayment Rate means the bond equivalent yield (in the secondary market) on the United States Treasury Security that as of the Prepayment Rate Determination Date has a remaining term to maturity closest to, but not exceeding, the remaining term to the Maturity Date, as most recently published in the "Treasury Bonds, Notes and Bills" section in The Wall Street Journal as of the date of the related tender of the payment. If more than one issue of United States Treasury Securities has the remaining term to the Maturity Date referred to above, the "Prepayment Rate" shall be the yield on the United States Treasury Security most recently issued as of such date. If the publication of the Prepayment Rate in The Wall Street Journal is discontinued, Lender shall determine the Prepayment Rate on the basis of "Statistical Release H.15(519), Selected Interest Rates," or any successor publication, published by the Board of Governors of the Federal Reserve System, or on the basis of such other publication or statistical guide as Lender may reasonably select. "PREPAYMENT RATE DETERMINATION DATE" shall mean the date which is five (5) Business Days prior to the prepayment date.

  • Competitive Bid Accept/Reject Letter means a notification made by a Borrower pursuant to Section 2.03(d) in the form of Exhibit A-4.

  • Competitive bidding means a transparent process for procurement of equipment, services and works in which bids are invited by the project developer by open advertisement covering the scope and specifications of the equipment, services and works required for the project, and the terms and conditions of the proposed contract as well as the criteria by which bids shall be evaluated, and shall include domestic competitive bidding and international competitive bidding;