Competitive Quotes definition

Competitive Quotes means the solicitation and receipt of offers by the City from competing vendors, The solicitation may be by advertisement or by the City initiating a request to vendors to make an offer. The solicitation and the offer may be written or oral.
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Competitive Quotes means the solicitation of offers from competing vendors by advertisement or a request to vendors to make an offer. The solicitation and the offer may be in writing or oral.
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Competitive Quotes means the sourcing method according to OAR 125-249-0160.
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Examples of Competitive Quotes in a sentence

  • Purchases may be sent to a separate location such as a specific fire station.

  • Competitive quotes need not be submitted in cases where the selected supplier is the only supplier whose offer meets the required parameters necessary to carry out the Grant Project.

  • Competitive quotes are not required for purchases $3,000 or under, but may be obtained for any purchase.

  • Efficient securities delivery, account servicing Competitive Bidding: Competitive quotes must be taken from at least three qualifying institutions for any investment transaction requiring competitive bidding.

  • Competitive quotes are not required, but they may be obtained for any purchase.

  • Competitive quotes are deemed to be valid for 6 months from the time they are received by the City.

  • Competitive Bidding Competitive quotes must be sought from at least three qualified institutions for all individual security purchases and sales.

  • FEMA requires that non-federal entities maintain the following documentation for federally funded purchases:• Specifications;• Solicitations;• Competitive quotes or proposals;• Basis for selection decisions;• Purchase orders;• Contracts;• Invoices; and• Canceled checks.

  • Competitive quotes are not obtained during the three-year term of an EA.

  • FEMA requires that non-federal entities maintain the following documentation for federally funded purchases:• Specifications• Solicitations• Competitive quotes or proposals• Basis for selection decisions• Purchase orders• Contracts• Invoices• Cancelled checksNon-federal entities should keep detailed records of all transactions involving the grant.


More Definitions of Competitive Quotes

Competitive Quotes. . means those Offers made by competing offerors in response to an informal solicitation of offers by the County. A solicitation may be made by advertisement or by direct request to vendors.
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Competitive Quotes means the solicitation of price quotes from competing vendors by advertisement or a request to vendors to quote.
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Competitive Quotes means price quotations obtained from a Vendor for the purchase of Supplies or Services by the University Purchasing Agent or delegee.
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Competitive Quotes or “CQ” means those Ooffers made by competing offerors in response to an informal solicitation of offers by the County. A solicitation may be made by advertisement or by direct request to vendors. See LM 20.300.200A.3.
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Related to Competitive Quotes

  • Indicative Quote means a Quote at which the Company has the right not to accept any Instructions or execute any Orders.

  • Administrative Questionnaire means an Administrative Questionnaire in a form supplied by the Administrative Agent.

  • Competitive solicitation means a formal, advertised procurement process, other than an Invitation to Bid, Request for Proposals, or Invitation to Negotiate, approved by the Board to purchase commodities and/or services which affords vendors fair treatment in the competition for award of a District purchase contract.

  • Open Competitive Bidding means a fair and transparent specified procedure defined under these Rules, advertised in the prescribed manner, leading to the award of a contract whereby all interested persons, firms, companies or organizations may bid for the contract and includes both National and International Competitive Biddings;

  • Competitive Bid Request means a request by the Borrower for Competitive Bids in accordance with the provisions of Section 2.2(b).

  • 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 Bid means an offer by a Lender to make a Competitive Loan in accordance with Section 2.04.

  • Competitive Bid Rate means, with respect to any Competitive Bid, the Margin or the Fixed Rate, as applicable, offered by the Lender making such Competitive Bid.

  • Competitive negotiation means a procedure for contracting for supplies, materials, equipment or contractual services, in which proposals are solicited from qualified suppliers by a request for proposals, and changes may be negotiated in proposals and prices after being submitted.

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension: