Competitive Quotations definition

Competitive Quotations means the procurement of Goods and/or Services, in accordance with the provisions of Section “6” herein.

Competitive Quotations means a quotation in the prescribed form submitted in response to an advertisement or request for construction, goods or services;

Competitive Quotations means the solicitation procedure commenced by a request for quotations and in response to which a person solicited submits a quotation;

Examples of Competitive Quotations in a sentence

• Competitive Quotations need not be sealed and need not be opened and read at a stated time.

• If, following reasonable efforts, insufficient numbers of Vendors exist for the solicitation of the requisite number of Competitive Quotations, then the Procurement Officer shall cause to be solicited Competitive Quotations from less than the requisite number of Vendors; provided, however, that the basis and other facts and circumstances or such efforts and/or findings relating to this provision shall be placed in writing.

• If the cost of the Goods or Services to be procured, based upon the written description prepared for the desired Goods or Services, will involve an expenditure of more than $10,000, the desired Goods or Services shall be procured through Competitive Quotations solicited from not less than three Vendors.

• Dr. Nice noted a significant change from appellant’s 2017 diagnostic studies and her most recent studies.

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

• Competitive Quotations (Authorization Decision) Iowa Code 26.14 provides that purchases above a statutory threshold of $100,000 is subject to a competitive quotation.

• DETERMINATION OF PROCUREMENT The Procurement Officer is hereby designated to be responsible for determining whether a procurement of Goods or Services is subject to Competitive Quotations or is exempt from such procurement, and the Procurement Officer is authorized to determine that the nature of a particular project or class of projects is exempt from the procurement policies described herein.

• Competitive Quotations Process ProductsFor product purchases of the following amounts, the corresponding number of competitive quotes are required to be reviewed and attached to the expense approval form.

• If the cost of the Goods or Services to be procured, based upon the written description prepared for the desired Goods or Services, will involve an expenditure of more than $10,000, the desired Goods or Services shall be procured through Competitive Quotations solicited from not less than three vendors.

• The Procurement Officer shall cause to be made a record of the written description, the solicitation of the Competitive Quotations, the Competitive Quotations received and any other documents or materials prepared or received in connection with the procurement of Goods and Services of the Corporation.