Competitive bidding means a transparent process for procurement of equipment, services and works in which bids are invited by the project developer by open advertisement covering the scope and specifications of the equipment, services and works required for the project, and the terms and conditions of the proposed contract as well as the criteria by which bids shall be evaluated, and shall include domestic competitive bidding and international competitive bidding;

Competitive bidding means the following multistep process.

Competitive bidding means a procedure leading to the award of a contract whereby all the interested persons, firms, companies or organizations may bid for the contract and includes both national competitive bidding and international competitive bidding;

Examples of Competitive bidding in a sentence

Competitive bidding for services other than construction ser- vices.
Competitive bidding is for the benefit of taxpayers and not for the benefit or enrichment of bidders and the statute will be so administered in order to accomplish this purpose fairly and reasonably with the sole reference to the public interest.
Section 610.021(11), (12) – Competitive bidding specs, sealed bids, or negotiated contracts.Upon motion duly made and seconded to convene in closed session, the Chairman called for a voice vote of the members.
Competitive bidding requirements - State laws determine when competitive bidding is necessary and what procedures must be followed.
Only ‘Class-I local supplier’ and ‘Class-II local supplier’, shall be eligible to bid in procurements undertaken by procuring entities, except when Global tender enquiry/ International Competitive bidding has been issued.

More Definitions of Competitive bidding

Competitive bidding. – means competitive bidding process as envisaged by the SCM Regulations; or competitive bidding process.

Competitive bidding means a procedure leading to the award of a contract whereby all the interested persons, firms, companies or organizations may bid for the contract;

Competitive bidding means the submission of prices by a business competing for a contract to provide supplies, materials, equipment or contractual services to a state contracting agency, under a procedure in which the contracting authority does not negotiate prices, as set forth in statutes and regulations concerning procurement;

Competitive bidding means the offer of firm bids by individuals or firms competing for a contract, privilege, or right to supply specified services or goods.

Competitive bidding. ’ means a procure- ment process under which the Secretary or a State agency selects a single source (a single infant formula manufacturer) offering the low- est price, as determined by the submission of sealed bids, for a product for which bids are sought for use in the program authorized by this section.

Competitive bidding means a method of procurement that provides an equal access to all bidders without discrimination;