Solicit Bids definition
Solicit Bids means a formal written invitation together with specifications issued to potential vendors of materials, goods and/or services, the procurement of which is/are subject to competitive bidding requirements.
Examples of Solicit Bids in a sentence
If Webvan and Bechtel are unable to agree upon the terms of a Notice to Proceed or if Bechtel fails to deliver to Webvan a completed Notice to Proceed within thirty (30) days after the date of Webvan's Request to Solicit Bids, then Webvan may, at Webvan's election and in Webvan's sole discretion, rescind its request for such work and obtain performance of such work by others.