Qualified Bid definition

Qualified Bid has the meaning set forth in the Bidding Procedures.

Qualified Bid means a Bid that is deemed by the Selection Committee to include sufficient information regarding the Bidder’s ability to provide the necessary capabilities to create, implement, and maintain the CAT so that such Bid can be effectively evaluated by the Selection Committee. When evaluating whether a Bid is a Qualified Bid, each member of the Selection Committee shall consider whether the Bid adequately addresses the evaluation factors set forth in the RFP, and apply such weighting and priority to the factors as such member of the Selection Committee deems appropriate in his or her professional judgment. The determination of whether a Bid is a Qualified Bid shall be determined pursuant to the process set forth in Section 5.2.

Qualified Bid means competing bids qualified for the Auction in accordance with the Bid Procedures Order.

Examples of Qualified Bid in a sentence

• Notification of a Qualified Bid does not constitute an offer to sell by PG&E and PG&E may select Qualified Bids in excess of the number of Bids ultimately executed as part of the Solicitation.

• As soon as reasonably practicable following the Qualified Bid Deadline, the Receiver, in consultation with the Broker, will assess the Binding Offers received and determine which Binding Offers constitute Qualified Bids.

• Without limiting the generality of the foregoing and for greater certainty, the Receiver, in consultation with the Broker, shall have the discretion to determine that a Qualified Bid is not a Successful Bid, even if such Qualified Bid has the highest gross Purchase Price, having regard in all circumstances to the criteria set out in paragraph 23 above.

• At any time during the Sale Process, the Receiver may, in consultation with the Broker, eliminate a Potential Bidder or Bidder from the Sale Process, including if: (i) such party does not submit a Bid by the Initial Bid Deadline, (ii) such party does not submit a Qualified Bid by the Qualified Bid Deadline (if applicable), or (iii) the Receiver determines that a previously designated Qualified Bidder ceases to meet the criteria of a Qualified Bidder.

• Neither the Receiver nor the Broker shall be under any obligation to (i) continue negotiations with any Qualified Bidder, and/or (ii) accept any Qualified Bid or other offer (including the highest or best offer), or to select any Successful Bid(s).

More Definitions of Qualified Bid

Qualified Bid shall have the meaning set forth in Section 5.8(b).

Qualified Bid means a limited or conditional offer that modifies or does not meet some important terms condition or Specification of the Bid invitation, which limitation or condition may constitute grounds to disqualify the Bid.

Qualified Bid means competing bids that are submitted in accordance with the Bidding Procedures and Bidding Procedures Order.

Qualified Bid means a bid received from a vendor that is determined by the Purchasing Agent to be sufficiently provided to the price and scope of work requested.

Qualified Bid has the meaning set forth in Section 5.2(e ).

Qualified Bid shall have the meaning ascribed to such term in the Bidding

Qualified Bid means a Qualified Bid as defined in the Sale Motion. This Agreement shall be deemed to be a Qualified Bid.