Responsive Bid definition
Examples of Responsive Bid in a sentence
Without prejudice on its forfeiture, bid securities shall be returned only after the Bidder with the Lowest Calculated Responsive Bid (LCRB) has signed the contract and furnished the performance security, but in no case later than the expiration of the bid security validity period indicated in ITB Clause 18.2.
The T/LPA determined Bidder who submits the lowest adjusted and Responsive Bid.
If awarded, Agency must award the Price Agreement to the Responsible Bidder submitting the lowest, Responsive Bid.
A "Responsive Bid" is defined as a "bid which conforms in all material respects to the requirements set forth in the invitation for bids." Bidders are hereby notified that any exceptions to the requirements of this bid may be cause for rejection of the bid.
If awarded, Agency must award the Contract/Price Agreement to the Responsible Bidder submitting the lowest, Responsive Bid.