Qualified Bid definition

Qualified Bid has the meaning set forth in the Bidding Procedures.

Qualified Bid means a Bid that is deemed by the Selection Committee to include sufficient information regarding the Bidder’s ability to provide the necessary capabilities to create, implement, and maintain the CAT so that such Bid can be effectively evaluated by the Selection Committee. When evaluating whether a Bid is a Qualified Bid, each member of the Selection Committee shall consider whether the Bid adequately addresses the evaluation factors set forth in the RFP, and apply such weighting and priority to the factors as such member of the Selection Committee deems appropriate in his or her professional judgment. The determination of whether a Bid is a Qualified Bid shall be determined pursuant to the process set forth in Section 5.2.

Qualified Bid means competing bids qualified for the Auction in accordance with the Bid Procedures Order.

Examples of Qualified Bid in a sentence

• Notification of a Qualified Bid does not constitute an offer to sell by PG&E and PG&E may select Qualified Bids in excess of the number of Bids ultimately executed as part of the Solicitation.

• Without limiting the generality of the foregoing and for greater certainty, the Receiver, in consultation with the Broker, shall have the discretion to determine that a Qualified Bid is not a Successful Bid, even if such Qualified Bid has the highest gross Purchase Price, having regard in all circumstances to the criteria set out in paragraph 23 above.

• Neither the Receiver nor the Broker shall be under any obligation to (i) continue negotiations with any Qualified Bidder, and/or (ii) accept any Qualified Bid or other offer (including the highest or best offer), or to select any Successful Bid(s).

• Select one or more non-overlapping Bids as a lead bid (a “ Lead Bid”), if the Bidder submitting such Lead Bid is determined to be a Qualified Bidder and such Bid is determined to satisfy the requirements of a Qualified Bid set out in paragraph 19 (with the exception of it being irrevocable and binding, and provided that it has been submitted by the Initial Bid Deadline) and negotiate and settle the terms of Binding Agreement(s) with such Qualified Bidder(s).

• At any time during the Sale Process, the Receiver may, in consultation with the Broker, eliminate a Potential Bidder or Bidder from the Sale Process, including if: (i) such party does not submit a Bid by the Initial Bid Deadline, (ii) such party does not submit a Qualified Bid by the Qualified Bid Deadline (if applicable), or (iii) the Receiver determines that a previously designated Qualified Bidder ceases to meet the criteria of a Qualified Bidder.

More Definitions of Qualified Bid

Qualified Bid shall have the meaning ascribed to such term in the Bidding Procedures Order.

Qualified Bid shall have the meaning set forth in Section 5.8(b).

Qualified Bid means a limited or conditional offer that modifies or does not meet some important terms condition or Specification of the Bid invitation, which limitation or condition may constitute grounds to disqualify the Bid.

Qualified Bid means competing bids that are submitted in accordance with the Bidding Procedures and Bidding Procedures Order.

Qualified Bid has the meaning set forth in Section 5.2(e ).

Qualified Bid means a bid received from a vendor that is determined by the Purchasing Agent to be sufficiently provided to the price and scope of work requested.

Qualified Bid means a Take-over Bid for Voting Shares that: