Tied Bids definition

Tied Bids means two or more Compliant Bids which score equally after evaluation, or otherwise are equal, and which are the lowest or best Compliant Bids received in accordance with Supporting Policies and Procedures;
Sample 1Sample 2
Tied Bids means where two or more bids are received with the same ‘total’ value.
Sample 1
Tied Bids means two or more compliant Bids for Goods and Services that are equal in all material respects;
Sample 1

Examples of Tied Bids in a sentence

  • Patient training for PD is an essential activity in PD programs involving the multidisciplinary team adopting evidence based practice with PD guidelines, protocols and care standards.

  • The only exception to this principle is in the case of a tied bid, as described below.3) Tied Bids – In the case of an exact tie, if one of the tied bidders is a New Hampshire business and the other(s) are from another state, then the tie will be automatically decided in favor of the in- State bidder.

  • Collusion amongst Tied Bidders, is strictly prohibited and if Tied Bidders are found to be acting with vested motives, detrimental to the Interests of TCPD- GoUK, then TCPD- GoUK reserves the right to cancel/ oust any specific or all Tied Bids of Various Bidders for the said Cluster.Thereafter the entire process will be repeated as per Section 7.6.1.1, until All/ Maximum Clusters get awarded to a unique/ separate Bidder.

  • Bids on lump sum items shall be item totals only; if any unit price for a lump sum item is included in a bid and it differs from the item total, the items total shall prevail.Standard Specifications Section 3-1.02B, “Tied Bids,” is replaced with: 3-1.02B Tied Bids The Department breaks a tied bid with a coin toss.

  • Tied Bids and PreferencesAn award shall be determined by a drawing when responses are received that are equal in all respects and tied in price.

  • Tied Bids - In the event of a tied Bid, resulting from a Request for Quotations, a Request for Tenders or a Request for Proposals the result will be deemed to be an Irregular Result and the award shall be reported in accordance with the requirements of this policy.

  • Tied Bids or QuotesIn the event that multiple identical lowest responsive and responsible bids or quotes are received to an ITB or ITQ solicitation, Procurement will request, if not included in the original solicitation, that respondents submit a drug free work place certification.

  • In the process of applying the Group’s accounting policies which are described in Note 3, management has made certain key assumptions concerning the future, and other key sources of estimation uncertainty at the end of the reporting period, that may have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next year, are discussed below: Income taxes and deferred taxation The Group is subject to PRC income taxes.

  • Tied Bids and Veteran’s Preference‌11 IAC 117.13(4) Whenever a tie involves an Iowa vendor and a vendor outside the state of Iowa, the Iowa vendor will receive preference.

  • In the case of two Tied Bids, the successful Vendor will be determined by a coin toss, conducted by the Director of Procurement or designate, in accordance with Procurement procedures.


More Definitions of Tied Bids

Tied Bids means two or more compliant Bids that have obtained the same ranking or price after a competitive procurement process;
Sample 1

Related to Tied Bids

  • Submitted Bid has the meaning specified in Section 11.10(d)(i) below.

  • Qualified Bidder As defined in Section 7.01(c).

  • Qualified Bidder(s means a Bidder who fulfills the eligibility criteria listed out in the E-Auction Process Information Document.

  • Demand Bid means a bid, submitted by a Load Serving Entity in the Day-ahead Energy Market, to purchase energy at its contracted load location, for a specified timeframe and megawatt quantity, that if cleared will result in energy being scheduled at the specified location in the Day-ahead Energy Market and in the physical transfer of energy during the relevant Operating Day.

  • Buy Bid means a bid to buy Capacity Resources in any Incremental Auction.

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

  • Lowest Evaluated Bid means a bid for goods, works and services having the lowest evaluated cost among the substantially responsive bids

  • Return Bid has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Selected Bidder or “Successful Bidder” shall mean the Bidder selected pursuant to this RfS to set up the Project and supply electrical output as per the terms of standard PPA.

  • Highest Bidder means the Bidder, who quotes the highest License Fees

  • Invitation for bids means all documents, whether attached or incorporated by reference, utilized for soliciting bids.

  • Designated Bidder means (a) an Eligible Assignee or (b) a special purpose corporation that is engaged in making, purchasing or otherwise investing in commercial loans in the ordinary course of its business and that issues (or the parent of which issues) commercial paper rated at least "Prime-1" (or the then equivalent grade) by Xxxxx'x or "A-1" (or the then equivalent grade) by S&P that, in the case of either clause (a) or (b), (i) is organized under the laws of the United States or any State thereof, (ii) shall have become a party hereto pursuant to Section 8.07(d), (e) and (f) and (iii) is not otherwise a Lender.

  • BC Bid means the BC Bid website located at www.bcbid.ca;

  • Evaluated Bid means a Bid that factors each Respondent’s Base Bid including any alternates, deductive and additives selected by the City that will result in a weighed reduction based on that Respondent’s percentage of SBE participation, as defined by formula set forth in this chapter or in the SBE Regulations adopted pursuant to this chapter.

  • Proposal / Bid means the technical proposal and the commercial/financial proposal.

  • Tenderer/Bidder means any persons, partnership firm or company submitting a sum or sums in the Bills of Quantities in accordance with the Instructions to Tenderers, Conditions of Contract Parts I and II, Specifications, Drawings and Bills of Quantities for the work contemplated, acting directly or through a legally appointed representative.

  • 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;

  • Interested Bidder means any person or persons who have submitted the Request Letter for Participation along with signed Bid Form, notarized affidavit, signed Declaration, requisite Earnest Money and other necessary documents to complete the eligibility check formalities to the satisfaction of the Liquidator.

  • Decrement Bid means a type of Virtual Transaction that is a bid to purchase energy at a specified location in the Day-ahead Energy Market. A cleared Decrement Bid results in scheduled load at the specified location in the Day-ahead Energy Market.

  • Demand Bid Screening means the process by which Demand Bids are reviewed against the applicable Demand Bid Limit, and rejected if they would exceed that limit, as determined pursuant to Operating Agreement, Schedule 1, section 1.10.1B, and the parallel provisions of Tariff, Attachment K-Appendix.

  • 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;

  • Permitted Bid means a Take-over Bid made by an Offeror by way of take-over bid circular which also complies with the following additional provisions:

  • Demand Bid Limit means the largest MW volume of Demand Bids that may be submitted by a Load Serving Entity for any hour of an Operating Day, as determined pursuant to Operating Agreement, Schedule 1, section 1.10.1B, and the parallel provisions of Tariff, Attachment K- Appendix. Demand Bid Screening:

  • 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.

  • Bid sample means a sample to be furnished by a bidder to show the characteristics of the item offered in the bid.