Best value contract definition

Best value contract means a contract entered into pursuant to the provisions of this article.
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Best value contract means a competitively bid contract entered into pursuant to this article.
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Best value contract means a competitively bid contract entered into pursuant to this section;
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More Definitions of Best value contract

Best value contract means a contract entered into pursuant to this bill.
Sample 1
Best value contract means the most advantageous balance of price, quality, and performance achieved through competitive procurement methods in accordance with stated selection criteria.
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Best value contract means a contract entered into pursuant to this article;
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Best value contract means a competitively bid contract
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Best value contract means the most advantageous balance of price, quality, and performance
Sample 1

Related to Best value contract

  • Best Value means the method by which a proposal/contract, if any, is awarded, in accordance with applicable laws, rules, and regulations. Best Value includes multiple parameters, including experience, references, quality of the Vendor's product(s)/service(s), and price, as detailed in Section 6.0 Evaluation and Award.

  • Value of Contract means the sum accepted or the sum calculated in accordance with the prices accepted in Tender and/or the Contract rates as payable to the Contractor for the entire execution and full completion of the work.

  • Value Date means, with respect to any FX Transaction, the Business Day (or where market practice in the relevant foreign exchange market in relation to the two Currencies involved provides for delivery of one Currency on one date which is a Local Banking Day in relation to that Currency but not to the other Currency and for delivery of the other Currency on the next Local Banking Day in relation to that other Currency ("Split Settlement") the two (2) Local Banking Days in accordance with that market practice) agreed by the Parties for delivery of the Currencies to be purchased and sold pursuant to such FX Transaction, and, with respect to any Currency Obligation, the Business Day (or, in the case of Split Settlement, Local Banking Day) upon which the obligation to deliver Currency pursuant to such Currency Obligation is to be performed.

  • Date of Contract means the date on which notification of award of contract/letter of award/telex award has been issued.

  • Stored-value card means a record evidencing a promise made

  • Standard form contract means a financial contract that is substantially not negotiable for the Client, except for the terms contained in point 11.C.