Preferred Bidder definition

Preferred Bidder means a bidder that is entitled to receive a reciprocal preference under the requirements of this chapter.

Preferred Bidder means a bidder that is entitled to receive a reciprocal preference

Preferred Bidder means, in relation to a Qualifying Project, the Qualifying Bidder determined by Ofgem, in its sole discretion and following its evaluation of the Bids received (and any BAFO Submissions requested), as the Qualifying Bidder to which it intends (subject to the satisfaction of the conditions specified by Ofgem) to grant the Offshore Transmission Licence;

Examples of Preferred Bidder in a sentence

• The Parties hereby undertake that in the event the JV/Consortium is declared the Preferred Bidder and awarded the Project, it shall incorporate a wholly owned special purpose company under the provisions of Indian Companies Act, 1956, as the O&M Contractor; in whose subscribed and paid up capital, the Preferred Bidder i.e. the parties herein shall collectively hold 100% equity during the License Period.

• AND WHEREAS The Preferred Bidder has incorporated "DEVELOPER" for the purpose of implementation of the Project and has requested the "OWNERS" to execute this agreement with the "DEVELOPER".

• For the avoidance of doubt, the lead member or other constituent member of the Consortium (whose experience and or the financial capacities have been taken in to consideration for the purposes of the evaluation of the Bid of the Preferred Bidder) shall, at all times, during the Concession Period, hold at least 26% of the paid up equity share capital of the Concessionaire.

• In case the Preferred Bidder is a Consortium of two or more Persons/entities, all such Persons shall be jointly and severally liable to the Authority for compliance with the terms of this Agreement.

• After the expiry of the Lock-In Period, the Lead Member or other constituent member of the Consortium (whose experience and or the financial capacities have been taken in to consideration for the purposes of the evaluation of the Bid of the Preferred Bidder) may be replaced by another entity, provided that the substitute entity holds at least 26% of the paid-up equity share capital of the Concessionaire.

More Definitions of Preferred Bidder

Preferred Bidder means the bidder, including any bidding consortium, to be appointed as preferred bidder in terms of regulation 16.5.4;

Preferred Bidder means the successful bidder, whose Bid provides the maximum benefit to RSRTC and has been so identified by RSRTC.

Preferred Bidder means a bidder with whom negotiations may be entered into to conclude the final terms of a contract

Preferred Bidder means the bidder whom has been ranked number one in accordance with the process and criteria set out in the request for proposal;

Preferred Bidder means the company, firm, consortium or other legal entity selected by the YESAB during the RFP process to negotiate the Contract.

Preferred Bidder means the Bidder, whose Bid is declared as the Bid with the Highest Total Annual License Fee quoted for the Project as a result of the Bid evaluation process as set forth in this RFP document.

Preferred Bidder. - means any bidder who during the evaluation process scores the highest points and/or is recommendable for appointment.