Market basket definition
Market basket means a representative sample of items that may be bought under the program used for price evaluation under a proposed contract action. Proposed pricing for items in the market basket is determined fair and reasonable prior to inclusion in any resulting contract. May also be referred to under other names such as “Price Evaluation List.
Market basket means a representative sample of items which are being sourced and are directly related to volume or dollar amount activity, and to be used as a baseline for evaluation and/or award purposes.
Market basket denotes the products selected for price evaluation. One market basket was created for each lot across all regions for a total of three market baskets.
Examples of Market basket in a sentence
Market basket price reductions will be immediately passed on to E&I and its Members.
Market basket items are Contractor offered goods and services identified in Exhibit B, listed as net pricing.
Sample Market basket menus offering quality food product, healthy & good nutrition, and creative appeal.
More Definitions of Market basket
Market basket means a selection of services chosen as a representative sample of common purchases and used to measure and compare Proposer pricing.
Market basket means a group or listing of items most frequently purchased by the State of Florida. Application Software Application software is used to accomplish specific tasks. Server / Mainframe Software / Tools Server or Mainframe software includes the operating system and all the utilities that enable the computer to function. Computer Programming Software / Tools A program(s) that is employed in the development, repair, or enhancement of other programs or of hardware. Value-added Services Value-added Services includes optional services that are offered to enhance or provide additional benefits to the bid. CONTRACTOR DELIVERABLES AND RESPONSIBILITIES Delivery and Fees Product Delivery Schedule Delivery to the customer’s designated location shall be within 30 calendar days after receipt of any order unless the Contractor and the agency agree in writing to an alternative delivery deadline. Extended delivery dates may be considered when in the best interest of the ordering entity. A Customer may request and negotiate with the Contractor for shorter term delivery at the agency's expense, if necessary, for emergency orders. Software products may be downloaded, if available, as an acceptable method of delivery. See section 3.a).I. of this Contract for additional requirements for downloaded software.
Market basket means the items selected which are a representation of the types of items that may be ordered by UWM. This market basket is not the full line of products UWM intends to purchase.
Market basket approach is a means to handle inflation on a long-term contract— possibly 14 years—by developing an inflation factor through time. The market basket approach has several advantages: