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;
Open Competitive Bidding means the offer of prices by individuals or firms competing for a contract, privilege or right to supply specified goods, works, construction or services;
Open Competitive Bidding means the process by which a Procuring Entity based on previously defined criteria, effect public procurement by offering to every interested bidder, equal simultaneous information and opportunity to offer the works, goods and services needed;
Examples of Open Competitive Bidding in a sentence
Bidding shall be conducted through Open Competitive Bidding Single Stage- Two Envelop procedure as specified in the Punjab Procurement Rules-2014 (as amended to date) and is open to all eligible bidders as defined in the bidding document.
More Definitions of Open Competitive Bidding
Open Competitive Bidding means the procurement method, conducted in accordance with section 38 of the Act, in which any interested bidder may submit a bid on the basis of the technical specifications and other requirements set forth in the bidding documents;
Open Competitive Bidding means the procurement method referred to in section 51;
Open Competitive Bidding means the process by which a procuring entity, on the basis of previously defined criteria, effects public procurements by offering to every interested bidder equal simultaneous information and opportunity to offer the goods, services or works needed;
Open Competitive Bidding means a fair and transparent specified procedure defined under SPP Rules.
Open Competitive Bidding means the use of formal advertising which involves the preparation of an invitation to bid, publicly advertising the invitation and awarding a contract, after sealed bids are publicly opened at a specified time and location to that responsible and responsive bidder whose bid contains the lowest price offered.
Open Competitive Bidding means the offer of prices by individual or firm competing for contract, privilege or right to supply specific goods, works, construction or services;
Open Competitive Bidding meansthe offer of prices by individuals or firms competing for a contract, privilege or right to suppler specified goods, works, construction or services;