Bid Item definition

Bid Item means a set of Units within the contract that will all receive the same herbicide formulation.
Sample 1Sample 2Sample 3
Bid Item means a specific unit of Work for which a price is provided in the Bid and resulting Contract.
Sample 1Sample 2Sample 3
Bid Item means the quantity of Work for which a single unit price is paid.
Sample 1Sample 2Sample 3

Examples of Bid Item in a sentence

  • Bidders shall bid the following: • The Minimum Annual Guarantee (MAG) for Contract Year One (1), Contract Year Two (2), Contract Year Three (3), Contract Year Four (4), and Contract Year Five (5) of the Agreement, with the Bid Item being the Total Five Year MAG Amount.

  • Bidders are hereby informed that the Bid Item (Minimum Annual Guarantee) is not the sole determining factor in award of the Concession Agreement.


More Definitions of Bid Item

Bid Item. Total MAG Amount = $ (This is the sum of the MAG for Contract Years 1-5) Note: • A bid that contains a Minimum Annual Guarantee (MAG) of less than $250,000 for any Contract Year will not be considered (see Section 11E entitled “Disqualification Of Bidders” of the Instructions To Bidders). Bidders are hereby informed that the Bid Item (Minimum Annual Guarantee) shall not be the sole determining factor in award of the Concession Agreement. The City will review each Bid submission in its entirety, and select a qualified and responsive Bidder that the City believes, in its sole and absolute determination and judgment, submitted the highest and best Bid for the development, management and operation of a ON AIRPORT RENTAL CAR CONCESSION and best meets the Airport’s goals and objectives as outlined in Section 2 of the Instructions To Bidders. The City reserves the right to thoroughly investigate the financial status, experience, Business Plan, and record of the Bidder (see Section 12 entitled “Basis for Award” of Instructions To Bidders). The City reserves the right to reject any and/or all Bids. As part of this Bid, the Bidder submits herewith a Bid Bond in the form of a cashier's check or a Standard Commercial Guaranty Bond in the amount of Twenty Five Thousand Dollars ($25,000). A Bidder, if notified they have submitted a successful Bid, agrees to enter into and execute the Agreement and furnish the required Performance and Payment Bond, certificate of insurance and other documents as required by the City within fifteen (15) days of such notice and before presentation to the Airport Commission. It is understood that the Agreement is not binding on the Bidder or the City unless and until it is approved and fully executed by the City. The Bidder represents and warrants that the Bid is made without any connection with any other person making a Bid for this same purpose and that it is in all respects fair and without collusion or fraud; that no Authority or City officer or employee or person whose salary is payable in whole or in part from the City Treasury holds direct or indirect interest therein or in the supplies or materials or equipment and work or labor to which it relates, or in portion of the profits thereof; that the Bidder is not currently in arrears to the City or to any other agency thereof upon a debt or contract, or a defaulter as surety or otherwise upon any obligations or has failed to perform faithfully in any current or previous contract with th...
Sample 1
Bid Item. A line item on the Bid Form provided in the Small Works Bid Documents, a sample of which is included in these Contract Documents as Exhibit “A”
Sample 1
Bid Item or “Bid Items” shall mean individual line items to be included in the Bid, as set forth on the Bid Form.
Sample 1
Bid Item. 2: Remove and Dispose of Concrete Sidewalk This bid item consists of removing and disposing of approximately 2500 square feet of concrete sidewalk. The contractor will be required to provide all equipment and labor for the removal of the sidewalks. This item also includes the use of appropriate BMP’s to contain all dust and slurry onsite. Deliverable: Remove and dispose of approximately 2500 square feet of concrete sidewalk. Payment: “Remove and Dispose of Concrete Sidewalk” Lump Sum. Bid Item 3: Install 3/8” Exposed Aggregate Concrete Sidewalk This bid item consists of installing approximately 2000 square feet of 3/8” exposed aggregate concrete. The sidewalks shall be poured to 4” thickness and all approaches shall be poured to 6”
Sample 1

Related to Bid Item

  • Competitive bidding means a transparent process for procurement of equipment, services and works in which bids are invited by the project developer by open advertisement covering the scope and specifications of the equipment, services and works required for the project, and the terms and conditions of the proposed contract as well as the criteria by which bids shall be evaluated, and shall include domestic competitive bidding and international competitive bidding;

  • Bid Request means a written request for one or more Bid Loans substantially in the form of Exhibit B-1.

  • Open Competitive Bidding means a fair and transparent specified procedure defined under these Rules, advertised in the prescribed manner, leading to the award of a contract whereby all interested persons, firms, companies or organizations may bid for the contract and includes both National and International Competitive Biddings;

  • bid means a written offer in a prescribed or stipulated form in response to an invitation by an organ of state for the provision of goods or services, through price quotations, advertised competitive bidding processes or proposals;

  • Invitation to Bid (ITB means an offer by a vendor to sell a product or service for a specific price that is based on the specifications or scope of the purchaser.