Competitive Process definition

Competitive Process means either an Open Competition or an Invitational Competition;

Competitive Process means a formal sealed, electronic, or web-based bid procedure used for all nonclaims related purchases for goods and services over fifty thousand dollars. For purchases between five thousand dollars and fifty thousand dollars, competitive process means quotations obtained from at least three vendors by telephone or written quotations, or both, and supported by evidence of competition. Purchases up to five thousand dollars are exempt from competitive bids providing procurement is based on obtaining maximum quality at minimum cost.

Competitive Process means the solicitation of Bids from multiple Suppliers.

Examples of Competitive Process in a sentence

• Competitive Process Please respond to ALL of the questions in the following sections.

• Once a Public Competitive Process has been undertaken all vendors covered under the CFTA and the NWPTA who submit compliant responses will be considered in a fair and transparent manner without discrimination.a. Request for Proposals (RFP)A process to acquire services (primarily) where price is not the only consideration in selecting a contractor.

• Business will be awarded based on the requirements laid out within this policy and the requirement for a Public Competitive Process will not be precluded by the receipt of an unsolicited proposal.

• All Invitational Competitions, Open Competitions and Limited Competitions must be conducted in accordance with the Competitive Process Protocol.

• Allowable costs shall mean those necessary and proper costs identified in the Recipient’s Competitive Process application and approved by the City unless any or all such costs are disallowed by the State of Colorado.

More Definitions of Competitive Process

Competitive Process means Open Competitions, Invitational Competitions and Limited Competitions.

Competitive Process or “CP” means the solicitation described in this document, including any attached or referenced appendices, linked documents, schedules or exhibits and as may be modified in writing from time to time by the Purchaser by Addenda;

Competitive Process means the Solicitation of Bids through more than one Supplier;

Competitive Process means any public or private auction or other competitive sale process conducted and run in accordance with the advice of a reputable, independent and internationally recognised investment bank, firm of accountants or third party professional firm which is regularly engaged in such sale processes with a view to obtaining a fair market price in the prevailing market conditions (without any obligation to postpone to obtain a higher price) and in which the Second Lien Creditors and High Yield Creditors are entitled to participate (and for the avoidance of doubt, in which the Senior Secured Creditors are also entitled to participate) as prospective buyers and/or financiers (including as part of a consortium). For the purposes of this definition, “entitled to participate” shall be interpreted to mean:

Competitive Process means a documented procurement process pro- viding an equal and open opportunity to qualified parties and culmi- nating in a selection based on criteria which may include such factors as the consultant's fees or costs, ability, capacity, experience, rep- utation, responsiveness to time limitations, responsiveness to solici- tation requirements, quality of previous performance, and compliance with statutes and rules relating to contracts or services.

Competitive Process means the process approved by the Commission to determine the most

Competitive Process means the process of procuring goods and services and construction- related services by fair and open competition, under varying market conditions, with the intent of minimizing opportunities for favoritism and assuring that Contracts are award equitably and economically using various factors in determining such equitability and economy.