Competitive bidding definition

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;

Competitive bidding means the following multistep process.

Competitive bidding means a procedure leading to the award of a contract whereby all the interested persons, firms, companies or organizations may bid for the contract and includes both national competitive bidding and international competitive bidding;

Examples of Competitive bidding in a sentence

• Except as otherwise provided in paragraph 2 below, goods, works and non-consultant services shall be procured under contracts awarded on the basis of International Competitive Bidding, subject to the additional provisions agreed upon from time to time between the Recipient and the Association.

• The following table specifies the methods of procurement, other than International Competitive Bidding, which may be used for goods, works and non- consultant services.

• The following table specifies the methods of procurement, other than International Competitive Bidding, which may be used for goods and works.

• Except as otherwise provided in paragraph 2 below, goods shall be procured under contracts awarded on the basis of International Competitive Bidding.

More Definitions of Competitive bidding

Competitive bidding. – means competitive bidding process as envisaged by the SCM Regulations; or competitive bidding process.

Competitive bidding means a procedure leading to the award of a contract whereby all the interested persons, firms, companies or organizations may bid for the contract;

Competitive bidding. ’ means a procurement process under which the Secretary or a State agency selects a single source (a single infant formula manufacturer) offering the low- est price, as determined by the submission of sealed bids, for a product for which bids are sought for use in the program au- thorized by this section.

Competitive bidding means the offer of firm bids by individuals or firms competing for a contract, privilege, or right to supply specified services or goods.

Competitive bidding means the submission of prices by a business competing for a contract to provide supplies, materials, equipment or contractual services to a state contracting agency, under a procedure in which the contracting authority does not negotiate prices, as set forth in statutes and regulations concerning procurement;

Competitive bidding. – means competitive bidding process as envisaged by the SCM Paragraphs;

Competitive bidding means the formal process of advertising, bidding, and bid opening required by the Public Contracting Code and these rules.