COMPETITIVE BIDDING REQUIREMENTS. The Developer shall endeavor to include in the Design Build Contract (i) a requirement that all major subcontracts and supply contracts must be competitively bid from an approved list of pre-qualified bidders (“major” for these purposes shall be defined as a contract for goods or services valued at more than One Hundred Thousand Dollars ($100,000)), (ii) language pursuant to which the Design Builder agrees to use all reasonable efforts to obtain bids from appropriately qualified local subcontractors. Any competitive bid process which includes an Affiliate of the Design Builder shall be by a closed bid process. With the prior approval of the Developer, limited source, single source or negotiated contracts shall be supported by documentation that assures that the pricing is commercially reasonable based on market conditions.
COMPETITIVE BIDDING REQUIREMENTS. 7.0 Under statutory provisions of the State of Missouri, the Owner is required to competitively bid all construction projects. Further, all costs for any given construction project must be within the funds available for said Project.
COMPETITIVE BIDDING REQUIREMENTS. The Authority shall utilize a competitive procurement process for all purchases and contracts compliant with KRS 424.260, applicable throughout the term of this Agreement, and shall adopt procurement guidelines that comply with applicable federal and state procurement laws and administrative regulations.
COMPETITIVE BIDDING REQUIREMENTS. 6.0 Under statutory provisions of the State of Missouri, the Owner is required to competitively bid all construction projects. Further, ALL costs for any given construction project must be within the funds appropriated for said Project. Consequently, should the lowest acceptable bid or the total of all of the lowest acceptable bids (if bids are received for more than one contract on a project) exceed the Total Allowable Construction Costs, as specified in the Scope of Work, the Consultant shall be required to redesign or perform such corrective work as necessary to allow the Project to be successfully rebid and constructed within available funds, without additional cost to the Owner except the costs of re-advertising the Project for bids. Negotiation of Construction amounts shall not be permitted. All estimates concerning the Project shall be held confidential between the Owner and the Consultant.
COMPETITIVE BIDDING REQUIREMENTS. Any portion of the work not performed by the Business shall be accomplished through competitive bidding pursuant to the procedures shown in Exhibit D, attached hereto and made a part of this Agreement. A professional engineer licensed to practice in the State of Iowa shall prepare the project plans and specifications. The Business shall submit the plans, specifications and other contract documents to the DOT for review and authorization to let the project. If the low bid is not awarded, DOT concurrence in the award must be obtained prior to the award. The Business shall provide the DOT file copies of Project letting documents, bid tabs, and letters of solicitation to prospective bidders.
COMPETITIVE BIDDING REQUIREMENTS. Under statutory provisions of the State of Missouri, the Owner is required to competitively bid all construction projects. Negotiation of Construction amounts shall not be permitted. All estimates concerning the Project shall be held confidential between the Owner and the Consultant.
