Alternative Bid definition

Alternative Bid means a response to a bid that does not meet the exact requirements of the specification but offers an alternative for consideration. An alternative bid is submitted with an intentional variation to a provision, specification, term or condition of the solicitation. This alternative, in the opinion of the bidder, achieves the same end result. Alternative bids may be rejected as non-responsive.

Alternative Bid. (or ”Alternate”) means an amount stated in the Bid to be added to or deducted from the amount of the Base Bid if the corresponding change in the work, as described in the Bidding Documents, is accepted.

Alternative Bid means a response to a bid that does not meet the exact requirements of the specification but offers an alternative for consideration, and is submitted with an intentional variation to a specification or terms and conditions;

Examples of Alternative Bid in a sentence

• Only the Alternative Bid of the successful bidder shall be considered.

• If an Alternative Bid is permitted, the Alternative Bid shall be accompanied by a fully compliant bid, i.e. one that meets the minimum technical requirements.

• The bidder shall quote the price for the fully compliant bid and then separately provide the technical specification, methodology and adjustment in price that can be offered if the Alternative Bid is accepted.

• If a Bidder wishes to have its Alternative Bid or Bids considered on an equal basis with all other main Bids, it shall submit a separate Bid Security for each Alternative Bid.

• The bidder shall quote the price for the fully compliant bid and then separately provide the technical Specification, methodology and adjustment in price that can be offered if the Alternative Bid is accepted.

More Definitions of Alternative Bid

Alternative Bid means a bid which is submitted which materially or substantially deviates from the specification and/or bid conditions.

Alternative Bid means a bid which is submitted in accordance with clauses 164 to 170 and which materially or substantially deviates from the specification and/or bid conditions;

Alternative Bid means a higher or better competing bid, including in consideration of any sale, transfer, liquidation, or disposition of any of the Acquired Assets or of a plan of reorganization or liquidation with respect to any of the Acquired Assets.

Alternative Bid means a bid which may not match exactly match the technical requirements but would achieve the same functional outcome.

Alternative Bid means a letter from a Qualified Bidder stating that (i) such Qualified Bidder offers to purchase the Acquired Assets upon the terms and conditions set forth in a copy of the Definitive Sale Documentation, marked to show those amendments and modifications to the Definitive Sale Documentation, including, but not limited to, price and the time of Closing, that such Qualified Bidder proposes, (ii) such Qualified Bidder is prepared to enter into and consummate the transaction not later than 10 days after entry by the Bankruptcy Court of an order approving such transaction, subject to receipt of any governmental or regulatory approvals, and (iii) such Qualified Bidder's offer is irrevocable until the closing of a purchase of the Acquired Assets.

Alternative Bid means a bid which is submitted in accordance with clauses145 and 146 and which materially or substantially deviates from the specification and/or bid conditions;

Alternative Bid means a bid which is submitted in accordance with clauses148 and 149 and which materially or substantially deviates from the specification or bid conditions, or both;