Competitive Quotations definition

Competitive Quotations means the procurement of Goods and/or Services, in accordance with the provisions of Section “6” herein.
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Competitive Quotations means a quotation in the prescribed form submitted in response to an advertisement or request for construction, goods or services;
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Competitive Quotations means the solicitation procedure commenced by a request for quotations and in response to which a person solicited submits a quotation;
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Examples of Competitive Quotations in a sentence

  • The applicant may also be called for explaining or clarifying issues, if there be any. Decision of the SC on selection of the Organization is final.Bid – ‘B’ (Financial Bid) Competitive Quotations are invited from organizations/agencies for Implementation of Selection of Private Partner for Establishment of Fair Price Medicine Shops at Government Hospitals under Public Private Partnerships (PPP).

  • Competitive Quotations for Projects Under $100,000Effective January 1, 2007, a competitive quotation system was instituted.

  • Competitive Quotations for Projects Under the Bid ThresholdThe first new category created for those projects for which the estimated cost did not rise to the level requiring complete adherence to the competitive bidding laws was the provision permitting “competitive quotations.” Competitive quotations were codified in Iowa Code Section 26.14.

  • The Code of Iowa provides that for projects that fall within the competitive bidding thresholds, the public owner is required only to undertake “good faith” efforts to obtain a minimum of two quotes from contractors “regularly engaged in such work.” Negotiated ContractsWhen the estimated cost of the project falls below the Competitive Quotations minimum threshold, the public owner is free to procure a construction contract through negotiations with a contractor or contractors.

  • Characterizing the rules of the special legislation that regulate certain types of the special nature management, we would note that the difference in approaches and in the content of the legal regulation of certain types of natural resources is explained by their special features.

  • Competitive Quotations shall be solicited through the issuance of a Request for Quotations (RFQ).

  • In addition, the LGAs did not conduct prequalification of the firms which were invited to participate in the Competitive Quotations as required by law22.The PPA23, require PEs to use competitive methods during the procurement process as the first choice.

  • Tender Reference No: HF/PPP/8/2014/691 Government of West Bengal Department of Health & Family Welfare, Issued on: 25.01.2016 GOVERNMENT OF WEST BENGAL DEPARTMENT OF HEALTH & FAMILY WELFARE Competitive Quotations are invited from organizations/agencies for Implementation of Selection of Private Partner for Operation and Management of Dialysis services at Durgapur SD Hospital.

  • F ormal Competitive Quotations The superintendent or his/her designee is authorized to purchase any item, or group of items in a single transaction, costing more than $2,500.00, upon the receipt of at least three written quotations or bids.

  • If the supply, service, or construction is available from one business only, the sole source procurement method set forth in Section 3-205 (Sole Source Procurement) shall be used.3-204.03 Small Purchases Less Than $10,000 (Micro-Purchases).(1) Competitive Quotations Not Required.

Related to Competitive Quotations

  • Indicative Quote means a Quote at which the Company has the right not to accept any Instructions or execute any Orders.

  • Mid-Market Swap Rate Quotation means a quotation (expressed as a percentage rate per annum) for the relevant Mid-Market Swap Rate;

  • Administrative Questionnaire means an Administrative Questionnaire in a form supplied by the Administrative Agent.

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • Competitive Range means the responsive submissions that meet the evaluation criteria and are considered to be reasonably susceptible of award.

  • Overnight Foreign Currency Rate means, for any amount payable in a Foreign Currency, the rate of interest per annum as determined by the Administrative Agent at which overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three (3) Business Days, then for such other period of time as the Administrative Agent may elect) for delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as determined above and in an amount comparable to the unpaid principal amount of the related Credit Event, plus any taxes, levies, imposts, duties, deductions, charges or withholdings imposed upon, or charged to, the Administrative Agent by any relevant correspondent bank in respect of such amount in such relevant currency.

  • LIBOR Market Index Rate means, for any day, LIBOR as of that day that would be applicable for a LIBOR Loan having a one-month Interest Period determined at approximately 10:00 a.m. Central time for such day (rather than 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period as otherwise provided in the definition of “LIBOR”), or if such day is not a Business Day, the immediately preceding Business Day. The LIBOR Market Index Rate shall be determined on a daily basis.

  • Designated LIBOR Currency means the currency specified on the face hereof as to which LIBOR shall be calculated or, if no such currency is specified on the face hereof, United States dollars.

  • Reference biological product means the single biological product licensed pursuant to 42 U.S.C.

  • Alternative Currency Term Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Non-LIBOR Quoted Currency means any currency other than a LIBOR Quoted Currency.

  • Absolute Rate Auction means a solicitation of Money Market Quotes setting forth Money Market Absolute Rates pursuant to Section 2.03.

  • Competitive Product means a product or service, made or provided by a Competitor, which is the same as or is directly competitive with one with respect to which the Employee acquired confidential information relating to the Company, or its business, products or services by reason of the Employee's work with the Company.

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Screen Rate Determination is specified in the applicable Final Terms as the manner in which the Rate of Interest is to be determined and the Reference Rate specified in the applicable Final Terms is not XXXXX or SOFR, the Rate of Interest for each Interest Period will, subject as provided below, be either:

  • Absolute Rate means a fixed rate of interest expressed in multiples of 1/100th of one basis point.

  • Designated Eurodollar Market means, with respect to any Eurodollar Rate Loan, the London Eurodollar Market.

  • Euro-Dollar Business Day means any Domestic Business Day on which commercial banks are open for international business (including dealings in dollar deposits) in London.

  • Interpolated Screen Rate means, with respect to any Eurocurrency Loan denominated in any currency for any Interest Period, a rate per annum which results from interpolating on a linear basis between (a) the applicable Screen Rate for the longest maturity for which a Screen Rate is available that is shorter than such Interest Period and (b) the applicable Screen Rate for the shortest maturity for which a Screen Rate is available that is longer than such Interest Period, in each case as of approximately 11:00 a.m. (London time) on the Quotation Day.

  • Money Market Absolute Rate has the meaning set forth in Section 2.3(d).

  • Index Currency means USD.

  • Bid Rate Quote means an offer in accordance with Section 2.2.(c) by a Lender to make a Bid Rate Loan with one single specified interest rate.

  • Competitive Set As defined in the STR Reports. Lessor and Lessee shall work in good faith to determine any additions and deletions to the Hotel’s Competitive Set, on or before November 15th of each year, with such changes to be applicable for the following Fiscal Year. In the event Lessor and Lessee cannot agree to the Hotel’s Competitive Set by November 15th of any year, such unagreed items shall be determined by Xxxxx Travel Research (or, if it refuses or is unable to do so, by arbitration pursuant to Section 25.2). The costs of resetting the Hotel’s Competitive Set shall be borne equally by the parties.

  • Full Quotation means, in accordance with the Quotation Method, each firm quotation obtained from a Dealer at the Valuation Time, to the extent reasonably practicable, for an amount of the Reference Obligation with an outstanding principal balance equal to the Quotation Amount;

  • Competitive contracting means the method described in sections 45 through 49 of P.L.1999, c.440 (C.18A:18A-4.1 through C.18A:18A-4.5) of contracting for specialized goods and services in which formal proposals are solicited from vendors; formal proposals are evaluated by the purchasing agent or counsel or School Business Administrator; and the Board awards a contract to a vendor or vendors from among the formal proposals received.

  • Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.