Open Competitive Bidding definition

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;

Open Competitive Bidding means the offer of prices by individuals or firms competing for a contract, privilege or right to supply specified goods, works, construction or services;

Open Competitive Bidding means the process by which a Procuring Entity based on previously defined criteria, effect public procurement by offering to every interested bidder, equal simultaneous information and opportunity to offer the works, goods and services needed;

Examples of Open Competitive Bidding in a sentence

• Bidding shall be conducted through Open Competitive Bidding as per “Punjab Procurement Rules (amended to date)” and “PLRA Procurement Regulations 2023”.

• Bidding shall be conducted through Open Competitive Bidding (Single Stage-Two Envelope) procedures specified in the Punjab Procurement Rules PPRA 2014, and is open to all eligible bidders as defined in the bidding document.

• DESCRIPTION CLOSING DATE ESTIMATED COST BID SECURITY Frame work contract for purchase of MISCELLINIOUS General store items 29-07-2020 1.95 Million 2% of the estimated cost ➢ Bidding shall be conducted through Open Competitive Bidding (Single Stage-One Envelope) procedures specified in the Punjab Procurement Rules PPRA 2014 (amended up to 2017), and is open to all eligible bidders as defined in the bidding document.

• The THQ Hospital Gujar Khan invites sealed bids from eligible bidders, Manufacturers, authorized Sales & Service Dealers, Distributors for the supply of below mentioned items DESCRIPTION CLOSING DATE ESTIMATED COST BID SECURITY Bidding shall be conducted through Open Competitive Bidding (One Stage-Two Envelope) procedures specified in the Punjab Procurement Rules PPRA 2014 (amended up to 2017), and is open to all eligible bidders as defined in the bidding document.

More Definitions of Open Competitive Bidding

Open Competitive Bidding means the procurement method, conducted in accordance with section 38 of the Act, in which any interested bidder may submit a bid on the basis of the technical specifications and other requirements set forth in the bidding documents;

Open Competitive Bidding means the procurement method referred to in section 51;

Open Competitive Bidding means a fair and transparent specified procedure defined under SPP Rules.

Open Competitive Bidding means the offer of prices by individual or firm competing for contract, privilege or right to supply specific goods, works, construction or services;

Open Competitive Bidding meansthe offer of prices by individuals or firms competing for a contract, privilege or right to suppler specified goods, works, construction or services;

Open Competitive Bidding means the offer of prices by individuals or firms

Open Competitive Bidding means the process by which a procuring entity, on the basis of previously defined criteria, effects public procurements by offering to every interested bidder equal simultaneous information and opportunity to offer the goods, services or works needed;