Market basket definition

Market basket means a representative sample of items that may be bought under the program used for price evaluation under a proposed contract action. Proposed pricing for items in the market basket is determined fair and reasonable prior to inclusion in any resulting contract. May also be referred to under other names such as “Price Evaluation List.
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Market basket means a representative sample of items which are being sourced and are directly related to volume or dollar amount activity, and to be used as a baseline for evaluation and/or award purposes.
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Market basket means a selection of services chosen as a representative sample of common purchases and used to measure and compare Proposer pricing.
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Examples of Market basket in a sentence

  • Market Basket Market basket items are Contractor offered goods and services identified in Exhibit B, listed as net pricing.

  • Market basket price reductions will be immediately passed on to E&I and its Members.


More Definitions of Market basket

Market basket denotes the products selected for price evaluation. One market basket was created for each lot across all regions for a total of three market baskets.
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Market basket means the items selected which are a representation of the types of items that may be ordered by UWM. This market basket is not the full line of products UWM intends to purchase.
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Market basket means a group or listing of items most frequently purchased by the State of Florida. Application Software Application software is used to accomplish specific tasks. Server / Mainframe Software / Tools Server or Mainframe software includes the operating system and all the utilities that enable the computer to function. Computer Programming Software / Tools A program(s) that is employed in the development, repair, or enhancement of other programs or of hardware. Value-added Services Value-added Services includes optional services that are offered to enhance or provide additional benefits to the bid. CONTRACTOR DELIVERABLES AND RESPONSIBILITIES Delivery and Fees Product Delivery Schedule Delivery to the customer’s designated location shall be within 30 calendar days after receipt of any order unless the Contractor and the agency agree in writing to an alternative delivery deadline. Extended delivery dates may be considered when in the best interest of the ordering entity. A Customer may request and negotiate with the Contractor for shorter term delivery at the agency's expense, if necessary, for emergency orders. Software products may be downloaded, if available, as an acceptable method of delivery. See section 3.a).I. of this Contract for additional requirements for downloaded software.
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Market basket approach is a means to handle inflation on a long-term contract— possibly 14 years—by developing an inflation factor through time. The market basket approach has several advantages:
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Related to Market basket

  • Basket has the meaning set forth in Section 8.04(a).

  • Average VWAP means the average of the VWAPs for each Trading Day in the relevant period.

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.

  • VWAP Price means, on any Exchange Business Day, the per Share volume-weighted average price as displayed under the heading “Bloomberg VWAP” on Bloomberg page “ECPG <equity> AQR” (or any successor thereto) in respect of the period from 9:30 a.m. to 4:00 p.m. (New York City time) on such Exchange Business Day (or if such volume-weighted average price is unavailable, the market value of one Share on such Exchange Business Day, as determined by the Calculation Agent using a volume-weighted method).

  • Reference Bond Price means, with respect to any date of redemption, (a) the arithmetic average of the Reference Government Bond Dealer Quotations for such date of redemption, after excluding the highest and lowest such Reference Government Bond Dealer Quotations, or (b) if the Determination Agent obtains fewer than four such Reference Government Bond Dealer Quotations, the arithmetic average of all such quotations;

  • Average value means the value which best represents the amount of the nutrient which a given food contains, and reflects allowances for seasonal variability, patterns of consumption and other factors which may cause the actual value to vary.

  • Average Wholesale Price or “AWP” means the wholesale price charged on a specific commodity that is assigned by the drug manufacturer and is listed in a nationally-recognized drug pricing file.

  • Daily VWAP shall be determined without regard to after-hours trading or any other trading outside of the regular trading session trading hours.

  • Worst Value means, in respect of a ST Valuation Date, the RI Value for the Reference Item(s) with the lowest or equal lowest RI Value for any Reference Item in the Basket in respect of such ST Valuation Date.