Competitive Sealed Bidding Sample Clauses
The Competitive Sealed Bidding clause establishes a formal process for soliciting bids from multiple vendors or contractors, ensuring that procurement decisions are made based on transparent and objective criteria. Under this clause, the purchasing entity issues an invitation for bids, and all interested parties submit sealed offers by a specified deadline, which are then publicly opened and evaluated. This process helps prevent favoritism or collusion, promotes fair competition, and ensures that contracts are awarded to the lowest responsible and responsive bidder, thereby safeguarding public funds and maintaining integrity in procurement.
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Competitive Sealed Bidding. 1. Competitive sealed bidding is a procedure in which vendors or contractors are invited to submit formal bids to provide a designated product or to complete a designated project in accordance with provided specifications.
2. Notice of bids shall be given to all interested bidders and shall include a general description of the articles to be purchased or the work to be performed; the location where information on the bid can be obtained; the information on when bids are to be submitted including the date, time and place; and the date, time and place for opening the bids.
3. The notice inviting bids shall be published either in a newspaper of general circulation, noticed on the internet, or otherwise made public at least ten days before the date of the opening of the bids.
4. The notice inviting bids shall be delivered to all known responsible prospective bidders, including those who have requested that their names be on a bidder’s list.
5. Sealed bids (or electronically submitted bids) shall be submitted as designated in the notice with the statement “Bid for (item or project)” on the envelope (or in the electronic transmission).
6. Bids shall be opened (or read, in the case of electronically submitted bids) in public at the time and place stated in the public notice.
7. Bids submitted shall be evaluated on the basis of compliance with specifications and other relevant criteria.
Competitive Sealed Bidding. (a) Conditions for use. All contracts of the County shall be awarded by competitive sealed bidding, except as otherwise provided in subsections (2), (3), (4), (5), and (6) of this Section.