Competitive Process definition

Competitive Process means a formal sealed, electronic, or web-based bid procedure used for all nonclaims related purchases for goods and services over fifty thousand dollars. For purchases between five thousand dollars and fifty thousand dollars, competitive process means quotations obtained from at least three vendors by telephone or written quotations, or both, and supported by evidence of competition. Purchases up to five thousand dollars are exempt from competitive bids providing procurement is based on obtaining maximum quality at minimum cost.

Competitive Process means either an Open Competition or an Invitational Competition;

Competitive Process means the solicitation of bids from multiple suppliers.

Examples of Competitive Process in a sentence

• Allowable costs shall mean those necessary and proper costs identified in the Recipient’s Competitive Process application and approved by the City unless any or all such costs are disallowed by the State of Colorado.

• This Agreement with any attachments, the Recipient’s corresponding application for the City’s Competitive Process, incorporated by reference, and the Recipient’s presentation before the CDBG Commission, incorporated by reference, constitute the entire agreement between the parties and both parties acknowledge that there are no other agreements, written or oral, that have not been fully set forth in the text of this Agreement.

• Subrecipient acknowledges that the City’s Competitive Process funds are a “public benefit” within the meaning of C.R.S. § 24-76.5-102.

• Only those allowable costs directly related to the Agency’s Competitive Process application, approved by the City shall be paid consistent with Article II, Section 2, Documentation of Costs and Other Financial Reporting.

• This Agreement with any attachments, and the Subrecipient’s corresponding application for the City’s Competitive Process, incorporated by reference, constitute the entire agreement between the parties and both parties acknowledge that there are no other agreements, written or oral, that have not been fully set forth in the text of this Agreement.

More Definitions of Competitive Process

Competitive Process means Open Competitions, Invitational Competitions and Limited Competitions.

Competitive Process means any public or private auction or other competitive sale process conducted and run in accordance with the advice of a reputable, independent and internationally recognised investment bank, firm of accountants or third party professional firm which is regularly engaged in such sale processes with a view to obtaining a fair market price in the prevailing market conditions (without any obligation to postpone to obtain a higher price) and in which the Second Lien Creditors and High Yield Creditors are entitled to participate (and for the avoidance of doubt, in which the Senior Secured Creditors are also entitled to participate) as prospective buyers and/or financiers (including as part of a consortium). For the purposes of this definition, “entitled to participate” shall be interpreted to mean:

Competitive Process means the process approved by the Council to determine the most

Competitive Process means the process of procuring goods and services and construction-related services by fair and open competition, under varying market conditions, with the intent of minimizing opportunities for favoritism and assuring that Contracts are award equitably and economically using various factors in determining such equitability and economy.

Competitive Process means the Solicitation of Bids through more than one Supplier;

Competitive Process means the procurement of Goods and Services by Competitive Sealed Bidding, Competitive Sealed Proposals, or Quotes when permitted by these Rules.

Competitive Process means the process approved by the Council to determine the most cost- effective privatization technique.