Invitation to Bid (ITB means an offer by a vendor to sell a product or service for a specific price that is based on the specifications or scope of the purchaser.
Notice Inviting Tender means the notice issued by a SNDB through publication in the newspapers or through electronic means for the purpose of inviting bids, or applications for pre-qualifications, or expression of interests, which may include Tender Notice, Invitation for Bids, Notice for Pre- qualifications or Request for Expression of Interests;
Invitation for Bid (IFB means the solicitation document issued to potential vendors for the purchase of equipment, supplies, and/or services as described in the document. The definition includes these Terms and Conditions as well as all Pricing Pages, Exhibits, Attachments, and Addendums thereto.
Invitation for bids means all documents, whether attached or incorporated by reference, utilized for soliciting bids.
Winning Bid Rate has the meaning specified in Section 11.10(d)(i) below.
Notice of Competitive Bid Borrowing has the meaning specified in Section 2.03(a).
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.
Invitation for Competitive Bid Quotes means an Invitation for Competitive Bid Quotes substantially in the form of Exhibit 2.2(c).
Winning Bidder With respect to a Successful Auction, the Qualified Bidder that bids the highest price.
Invitation to Bid or “Bid” shall mean all documents, including those attached or incorporated by reference, used for soliciting bids.
Competitive Bid Margin has the meaning set forth in Section 2.03(d).
Competitive Bid Quote Request means a Competitive Bid Quote Request substantially in the form of Exhibit C hereto completed and delivered by the Borrower to the Administrative Agent in accordance with Section 2.3.2.
Competitive Bid Request means a request by the Borrower for Competitive Bids in accordance with the provisions of Section 2.2(b).
Sufficient Clearing Bids has the meaning specified in Section 11.10(d)(i) below.
Pre-bid Meeting means Pre-bid meeting to be held as per the schedule indicated in the Schedule for the Tender hereof;
Solicitation” or "Request for Applications (RFA means the document (including all amendments and attachments) issued by the System Agency under which applications for Program funds were requested, which is incorporated by reference for all purposes in its entirety.
Proposal / Bid means the technical proposal and the commercial/financial proposal.
Competitive Bid Note means a promissory note of any Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of such Borrower to such Lender resulting from a Competitive Bid Advance made by such Lender to such Borrower.
Competitive Bid Quote means a response submitted by a Lender to the Administrative Agent or the Borrower, as the case may be with respect to an Invitation for Competitive Bid Quotes in the form attached as Exhibit C-3.
Invitation for Bid means and include the present document, and such other complements and agenda, which may subsequently be issued in this connection.
Competitive Bid Loan means a Competitive Bid LIBOR Loan or a Competitive Bid Absolute Rate Loan.
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;
Bid Date means the date fixed for receipt of Bids as per Notice Inviting Bids or as extended by subsequent notification(s).
Competitive Bid means an offer by a Lender to make a Competitive Loan in accordance with Section 2.04.
Competitive Bid Accept/Reject Letter means a notification made by a Borrower pursuant to Section 2.03(d) in the form of Exhibit A-4.
Competitive Bid Reduction has the meaning specified in Section 2.01.