Commercial Bid definition

Commercial Bid means the part of the Bid submitted by the Bidder setting out
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Commercial Bid means a percentage commission payable on the “Net Media Spends” under the contract to be executed with the LICouncil for the full and proper performance of its contractual obligations. All the commercial bids mentioned in the RFP to be submitted in percentage terms excluding, the government applicable taxes.
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Commercial Bid means the total price payable to the Bidder under the Contract for the full and proper performance of its contractual obligations. All the Commercial Bids mentioned in the RFP shall be submitted including the government applicable taxes.
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Examples of Commercial Bid in a sentence

  • The data or information for Commercial Bid submission will be as per attached Annexure-10.

  • Minimum Technical Score to be obtained is 70 % to be Eligible for getting qualified for Commercial Bid Evaluation.


More Definitions of Commercial Bid

Commercial Bid or “Price Bid” shall mean the same as the Financial Bid as per the Definitions in this RFP “PQ Bid” shall mean documents specified in Clause 3.10.1A “Technical Bid” shall mean the same as “Technical Bid” as per the terms of the RFP Bidders shall also upload a checklist of all documents enclosed under Technical Bid and Financial Bid and the file name corresponding to each document/format as required under the RFP. This shall be the “PQ Template” or “Technical Template” and this checklist shall be a part of the Technical Bid “EMD/Bid Security” shall mean the same as the EMD as per the provisions of this RFP. 8 Eligibility Criteria As specified in Clause 3.5.1 and 3.5.2 9 Bid Bond / Bid Security/ EMD As specified in Clause 3.7.1 of the RFP as per the prescribed Format 6.3AIt should be noted Bid Bond displayed on the NIT screen of the eProcurement Website is not relevant to this procurement process.The actual EMD to be submitted by the Bidder shall be asper Clause 3.7.1 of this RFP. 10 Bid Bond/BidSecurity/EMD Payable to Please refer Clause 3.7.1 of this RFP 11 Transaction Fee Transaction fee: All the participating Bidders who submit the Bids have to pay an amount of INR 10,000 & taxes applicable as levied by Govt. of India on transaction fee through online in favor of MD APTS. The amount payable to MD APTS is non-refundable.
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Related to Commercial Bid

  • Technical Bid means the bid submitted online through the electronic bidding platform, containing the documents as listed out in Clause 2.5.2 of this RFP;

  • Commercial Bank means a bank, defined as a scheduled bank under section 2(e) of the Reserve Bank of India Act, 1934.

  • Commercial applicator means a person who, by contract or for hire, engages in the

  • Commercial Discovery means a Discovery of Petroleum reserves which has been declared as a Commercial Discovery in accordance with the provisions of Article 10 and/or Article 21.

  • Commercial driver s license" means: