Competitive bids definition

Competitive bids means two or more valid responses to a bid invitation.
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Competitive bids means a process following advertisement in designated legal newspapers and other media for equipment, supplies, material, and public works contracts open to all suppliers, vendors, and contractors, and in which price is the primary basis for consideration and contract award.
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Competitive bids means an amount offered in an open auction or in tender process by the participants;
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Examples of Competitive bids in a sentence

  • Competitive bids may occur prior to or after the GMP Proposal(s).

  • Competitive bids reveal the cost of a United States food or food product is significantly higher than the non-domestic product.

  • Competitive bids will be solicited as each situation dictates in the reasonable judgment of Operator.

  • Competitive bids may occur prior to or after the GMP proposal(s).

  • These exceptions, as determined by the SFA, are: • The product is not produced or manufactured in the United States in sufficient and reasonably available quantities of a satisfactory quality • Competitive bids reveal the costs of a U.S. product are significantly higher than the nondomestic product.

  • Competitive bids shall not be required for the renewal of a real estate lease where the renewal is provided for in the original lease and the original lease was competitively procured.

  • Competitive bids recommended, not required *G&C Funds: CSA mandatory when Total Contract Value is $1,000 or more Over $5,000 and up to $25,000.00 - CSA (PD-49) - Invoice - Sole Source Justification (PD-14) or - Tabulation of Bids (PD-20) Departments must obtain competition (minimum of 3 oral or written bids) or meet criteria for Sole Source procurement.

  • Competitive bids and advertising for all bids shall be required, except in the case of an emergency.

  • Competitive bids for contracts will be retained in the Association records.

  • Competitive bids and offers will be provided based on the prevailing market conditions.


More Definitions of Competitive bids

Competitive bids will mean offers by Revolving Credit Lenders to make Competitive Bid Loans made in accordance with SECTION 2.2, below, pursuant to the form for requesting Competitive Bid Loans delivered by Documentation Agent to Revolving Credit Lenders in connection with the Closing and all amendments thereto and restatements thereof.
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Competitive bids means the bid which contains the amount intended to be purchased at the auction and the yield/margin;
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Related to Competitive bids

  • 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 Bid Request means a request by the Borrower for Competitive Bids in accordance with Section 2.04.

  • Competitive Bid Loan means a Eurodollar Bid Rate Loan or an Absolute Rate Loan, or both, as the case may be.

  • Competitive Bid Rate means, with respect to any Competitive Bid, the Margin or the Fixed Rate, as applicable, offered by the Lender making such Competitive Bid.

  • Competitive Bid Margin means the margin above or below the applicable Eurodollar Base Rate offered for a Eurodollar Bid Rate Loan, expressed as a percentage (rounded to the nearest 1/100 of 1%) to be added or subtracted from such Eurodollar Base Rate.