Formal Competitive Process definition

Formal Competitive Process means a public procurement process that is competitive, open, transparent, non-discriminatory and compliant with the requirements of the AIT and NWPTA, and includes an ITQ, ITT, RFP, RFSO and RFQ;
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Formal Competitive Process means a public Procurement process that is competitive, open, transparent, non-discriminatory and compliant with the requirements of the Applicable Trade Agreements.
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Formal Competitive Process means a public Procurement process that is competitive, open, transparent, non-discriminatory, and compliant with all Applicable Trade Agreements including advertised on BC Bid.
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Examples of Formal Competitive Process in a sentence

  • Estimated ThresholdsMethodGoods and ServicesLess than $5,000Small Purchase GuidelinesLess than $10,000Informal Process$10,000 to $50,000Invitational Bid Process or Formal Competitive Process (RFP, ITQ, RFSO)Greater than $50,000Formal Competitive Process (RFP, ITQ, RFSO)ConstructionLess than $100,000Invitational Bid Process or Formal Competitive Process (RFP, ITT)Greater than $100,000Formal Competitive Process (RFP, ITT) The chart below identifies the most popular Procurement Methods.

  • Formal Competitive Process: means a procurement method used to acquire goods and services through a solicitation for bid submissions that is open to more than one supplier and includes, but is not limited to, an invitation to tender, a request for proposals and request/invitation to quote.

  • Formal Competitive Process – a process, via a Request for Proposal (RFP) or Request for Quotation (RFQ) used by OOD for direct authority purchases as allowed and/or required by Department of Administrative Services (DAS) directives, policies, and procedures and within OOD policies and procedures.

  • When a Procurement transaction is awarded using a Formal Competitive Process, unsuccessful suppliers are entitled to a debriefing upon request to obtain feedback on the strengths and weaknesses of their Bid.

  • This begs, of course, the question of which yardstick is used when it is alleged that spin- offs do not grow much, nor that they are few in an international comparison.32Third, none of the studies provide empirical data that allows any firm conclusions about the frequency of new technology-based firms or university spin-offs in Sweden.

  • The RFEOI is used to survey the market for firms interested in responding to a Formal Competitive Process.

  • Once the Formal Competitive Process is complete, and a successful Bidder has been selected, an electronic requisition should be entered for processing into a Purchase Order K212.

  • Formal Competitive Process (RFP, ITT)Board*The Total Cost of the goods and services over the life of the contract (i.e. including renewal rights) will be used to determine the purchasing threshold.

  • Estimated ThresholdsMethodGoods and ServicesLess than $5,000Small Purchase GuidelinesLess than $10,000Informal Process$10,000 to $50,000Invitational Bid Process or Formal Competitive Process (RFP, ITQ, RFSO)Greater than $50,000Formal Competitive Process (RFP, ITQ, RFSO)ConstructionLess than $100,000Invitational Bid Process or Formal Competitive Process (RFP, ITT)Greater than $100,000Formal Competitive Process (RFP, ITT) ATTACHMENT BThe chart below identifies the most popular Procurement Methods.

  • Once the Formal Competitive Process is complete, and a successful Bidder has been selected, an electronic requisition should be entered for processing into a Purchase Order.


More Definitions of Formal Competitive Process

Formal Competitive Process means a procurement method used to acquire goods and services through a solicitation for bid submissions that is open to more than one supplier and includes, but is not limited to, an invitation to tender, a request for proposals and request/invitation to quote.
Sample 1
Formal Competitive Process means a public procurement process that is competitive, open, transparent, non-discriminatory and compliant with the requirements of the Canadian Free Trade Agreement (CFTA) and the New West Partnership Trade Agreement (NWPTA), and includes an ITQ, ITT, RFP, RFSO and RFQ.
Sample 1

Related to Formal Competitive Process

  • Anti-competitive Practice means any collusion, bid rigging or anti-competitive arrangement, or any other practice coming under the purview of The Competition Act 2002, between two or more bidders, with or without the knowledge of the Purchaser, that may impair the transparency, fairness and the progress of the procurement process or to establish bid prices at artificial, non-competitive levels;

  • Competitive Activity will not include (i) the mere ownership of securities in any such enterprise and the exercise of rights appurtenant thereto or (ii) participation in the management of any such enterprise other than in connection with the competitive operations of such enterprise.

  • 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 employment means work in the competitive labor market that is performed on a full–time or part–time basis in an integrated setting and for which an individual is compensated at or above the minimum wage, but not less than the customary wage and level of benefits paid by the employer for the same or similar work performed by individuals who are not disabled.

  • Competitive Bid Reduction has the meaning specified in Section 2.01.

  • Therapeutic diet means meals served that are soft, low-fat, low-sodium or controlled calorie.