Quick Bid definition

Quick Bid. (QB) means a bid call document used to solicit bids for the acquisition of deliverables of low dollar value, estimated to be up to the amount stated in Appendix “E” - Thresholds of this Policy (including all applicable taxes), from three or more vendors. It is a request to vendors, which is evaluated with the objective of accepting the lowest-priced quotation;
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Quick Bid. (QB) means a bid call document used to solicit bids for low dollar value deliverables estimated to be up to the amount stated in Schedule “E” - Thresholds of this Policy (including non-refundable HST), from one or more vendors. It is a request to vendors, which is evaluated with the objective of accepting the lowest-priced quotation ;
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Quick Bid. (QB) means a bid call document used to solicit bids for the acquisition of deliverables of low dollar value, estimated to be up to the amount stated in Schedule “E”
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More Definitions of Quick Bid

Quick Bid means a purchase of Goods or Services not covered under an existing Contract and having a purchase value up to the limits stated in Schedule “B” of this by-law. A Quick Bid may be in the form of a Request for Proposal or Request for Quote.
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Related to Quick Bid

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

  • Lowest Evaluated Bid means a bid for goods, works and services having the lowest evaluated cost among the substantially responsive bids

  • Proposal / Bid means the technical proposal and the commercial/financial proposal.

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

  • Financial Bid means the Initial Offer and Final Offer, containing the Bidder’s Quoted Transmission Charges, as per the format at Annexure – 21 of this RFP;