Competitive sealed bid definition
Competitive sealed bid means a method of procurement in which a good, service or construction
Competitive sealed bid means a method of soliciting bids for goods, material, or services whereby the award is based upon the lowest responsive, responsible bid (Sometimes referred to as an Invitation for Bids).
Competitive sealed bid means the response from a bidder to an invitation to bid
Examples of Competitive sealed bid in a sentence
Competitive sealed bid means a method of procurement whereby two or more sealed bids are publicly solicited and a firm fixed-price contract is awarded to the responsive, responsible bidder whose bid, conforming to all the material terms and conditions of the solicitation, is the lowest in price or a selected acceptable bid price based upon CCFP criteria.
Competitive sealed bid means a method of procurement whereby two or more sealed bids are publicly solicited and a firm fixed-price contract is awarded to the responsive, responsible bidder whose bid, conforming to all the material terms and conditions of the solicitation, is the lowest in price or a selected acceptable bid price based upon CACFP criteria.
More Definitions of Competitive sealed bid
Competitive sealed bid means a sealed bid in the prescribed form submitted in response to an advertisement or request for construction, goods or services;
Competitive sealed bid means the process to solicit and award a public contract (or multiple public contracts) for goods or services through a formal process which includes providing public notice of the invitation to bid, opening bids pub- licly at the time, date and place designated, and considering bid security requirements. The price of the good or service is the primary consideration for award of a contract under this process, as specified
Competitive sealed bid means an invitation for bids that defines in specifications the goods, services, insurance, or construction sought for which a contract award is made to the lowest responsive and responsible bidder meeting all specifications.
Competitive sealed bid means a method of procurement in which a goodsupply, service