Bid Discount definition

Bid Discount means the application of a percentage discount to the total amount of a bid submitted by a Bidder for a Contract solely for the purpose of bid comparisons when evaluating the lowest and best bid, or lowest responsible bid. The use of a Bid Discount for bid comparison does not alter the total amount of the bid submitted by a Bidder or the Contract executed based on a bid.
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Examples of Bid Discount in a sentence

  • Unless otherwise provided in this Program, Developers shall apply a ten percent (10%) Bid Discount and/or Ratings Bonus’ to any Proposal/Bid from a Certified SBE for all contracts estimated to be between $10 Thousand and $10 Million.

  • ITB 19.1 Deadline for Bid Submission: 5.11.2020 (Thursday) at 10:30AM ITB 40.1 Bid Discount: The bidder may offer unconditional discount, in percentage of their quoted price or bids, before opening of the financial proposal.

  • No Bid Discount (%) off Catalog or Pricelist for Clip- On Night Vision Devices.

  • No Bid Discount (%) off Catalog or Pricelist for Digital Night Vision Products.

  • No Bid Discount (%) off Catalog or Pricelist for All Other Night Vision and Thermal Imaging Products.

  • No Bid Discount (%) off Catalog or Pricelist for Infrared Illuminator Devices.