Competitive Tender definition

Competitive Tender means a method of Sourcing for goods, works and services by inviting members of public to submit offers for supply of goods, works and services. Members of the public will be reached through advertising in local print media, posters, circulars, announcements and/or by direct invitation.
Sample 1Sample 2
Competitive Tender means a binding quote or tender price obtained following a tender process with a minimum of 3 reputable organisations possessing the appropriate expertise undertaken in good faith by or on behalf of the Contractor (subject to open book scrutiny at the reasonable request of the Authority), or, with the written agreement of the Authority (not to be unreasonably withheld or delayed), such lesser numbers as may put forward a tender;
Sample 1
Competitive Tender means a method of competitive procurement categorized as bidding, in which the winning bidder is the bidder whose bid for the competitive procurement (final proposal) meets the requirements established by the competitive procurement documentation and contains, as determined following the assessment and comparison of bids (final proposals) based on the assessment criteria specified in the procurement documentation, the best contract terms.
Sample 1

Examples of Competitive Tender in a sentence

  • In the context of Competitive Tender, the specifications must be prepared to permit the widest possible competition and, at the same time, present a clear statement of the required standards of workmanship, materials, and performance of the goods and services to be procured.

  • In the context of National Competitive Tender (NCT), the Specification must be drafted to permit the widest possible competition and, at the same time, present a clear statement of the required standards of workmanship, materials, and performance of the goods and services to be procured.

  • Value of Goods/ ServicesMinimum Number of Quotations or Tenders to be ObtainedOver £1000 - £25003 informal quotations obtained and recorded to confirm best use of funding (telephone/internet)Over £2500 - £10,0003 written quotations (email is fine)£10,000+3 formal tenders using the Invitation to tender documentation 1.3 Competitive Tender Process (CTP) is required on all goods or services procured above £2,500 except where exemptions apply as detailed in Paragraph 2 below.

  • Procurement Type can be selected from Combo Box whether NCT (National Competitive Tender) or ICT (International Competitive Tender).

  • Where a zoning district boundary line divides a parcel of land, the parcel shall be deemed split into the different zones and each portion shall be governed by the regulations pertinent to that district.

  • The Order does not seek to be overly prescriptive as to the use of a particular tender process, however, for the avoidance of doubt, a tender process conducted in accordance with the Regulation would be deemed a Competitive Tender Process for the purposes of this Order.

  • This was particularly true for the Competitive Tender option to supply arrangements, which was seen unfavourably by a majority of stakeholders (including most CSPs, DMs, and industry associations) with only 19% of respondents believing that it would improve the current supply arrangements.This also holds for the market supply option, with only 10% of stakeholders believing it would improve access to quality AHT for clients.

  • Where informal tenders are to be invited, one of the following methods shall be used: Open Competitive Tender Land or property to be marketed by Informal Tender shall be advertised in at least one local newspaper and in such trade journals as the relevant Estates Officer considers suitable, stating the nature of the interest in land and inviting expressions of interest from persons, companies or firms wishing to tender for its acquisition.

  • Disposal of equipment and furniture, including surplus or obsolete stocks and stores, must only be disposed of at market value by way of Competitive Tender or by Public Auction.

  • As noted above, a Competitive Tender Process includes tender processes held in periods when the Company was not a FTSE 350 Company.


More Definitions of Competitive Tender

Competitive Tender means an invitation or request for a proposal or an offer for an Ad-Hoc Service Commitment with a value estimated to be $50,000 USD (or equivalent in Sucre) or greater in respect of which Contractor shall: (i) prepare and deliver to Operator a list of the entities whom Contractor proposes to invite to tender for the Ad-Hoc Service Commitment; (ii) submit written invitations to tender to all entities determined by Contractor and Operator to be qualified to perform under the Ad-Hoc Service Commitment; (iii) complete the tendering process within a reasonable period of time; (iv) deliver to Operator a competitive bid analysis recommending the entity to award the Ad-Hoc Service Commitment; and (v) obtain Operator's prior approval before awarding the Ad-Hoc Service Commitment for such tender and before incurring any commitments or expenditures in respect of same.
Sample 1
Competitive Tender means a binding quote or tender price obtained following a tender process with a minimum of 3 reputable organisations possessing the appropriate expertise undertaken in good faith by or on behalf of the Contractor (subject to open book scrutiny at the reasonable request of the Authority);
Sample 1

Related to Competitive Tender

  • Competitive Position means any employment with a Competitor in which Executive will use or is likely to use any Confidential Information or Trade Secrets, or in which Executive has duties for such Competitor that relate to Competitive Services and that are the same or similar to those services actually performed by Executive for the Company;

  • Competitive Business means any person or entity that engages in any business activity that competes with the Company’s business in any way, in any geographic area in which the Company engages in business, including, without limitation, any state in the United States in which the Company sells or offers to sell its products from time to time.

  • Competitive solicitation means a formal, advertised procurement process, other than an Invitation to Bid, Request for Proposals, or Invitation to Negotiate, approved by the Board to purchase commodities and/or services which affords vendors fair treatment in the competition for award of a District purchase contract.

  • Competitive Activity means any business or activity of Executive or any third party that is the same as the Business or competitive with the Business.

  • Competitive negotiation means a procedure for contracting for supplies, materials, equipment or contractual services, in which proposals are solicited from qualified suppliers by a request for proposals, and changes may be negotiated in proposals and prices after being submitted.

  • Competitive Entity means any person, entity or business that (i) competes with any of the Company’s or any of its affiliate’s programming or other existing businesses, nationally or regionally; or (ii) directly competes with any other business of the Company or one of its subsidiaries that produced greater than 10% of the Company’s revenues in the calendar year immediately preceding the year in which the determination is made. Ownership of not more than 1% of the outstanding stock of any publicly traded company shall not, by itself, be a violation of this paragraph. This agreement not to compete will expire on the first anniversary of the date on which your employment with the Company has terminated if such termination occurs prior to the Expiration Date.

  • Competitive service means any service offered by an electric

  • 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.

  • Competitive employment means work in the competitive labor market that is performed on a full-time or part-time basis in an integrated setting and for which the client is compensated at or above the minimum wage, but not less than the customary wage and level of benefits paid by the employer for the same or similar work performed by individuals who are not disabled.

  • Competitive Business Activity means:

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

  • Competitive Activities means any business activities in which the Company or any other member of the Company Group engage (or have committed plans to engage) during the Term of Employment, or, following termination of Employee’s employment hereunder, was engaged in business (or had committed plans to engage) at the time of such termination of employment.

  • Bid/Tender means the Techno Commercial and the Price Bid submitted by the Bidder along with all documents/credentials/attachments, formats, etc., in response to this Bid Document, in accordance with the terms and conditions hereof.

  • 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.

  • Competitive Services means engaging in the business of commercial and mortgage banking, including, without limitation, originating, underwriting, closing and selling loans, receiving deposits, as well as the business of providing any other activities, products, or services of the type routinely conducted, offered, or provided by Employer as of or during the two years immediately prior to the Date of Termination.

  • 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.

  • Competitive Enterprise means a business enterprise that engages in, or owns or controls a significant interest in any entity that engages in, the performance of services of the type provided by the Company, its Affiliates and/or their predecessors. “Competitive Enterprise” shall include, but not be limited to, the entities set forth on the list maintained by the Company on the myHoldings website, which list may be updated by the Company from time to time.

  • Competing Offer means a Tender Offer for Units which (i) is Commenced prior to the expiration of the Offer by a Person that is not an Affiliate (or in the case of Waltxx Xxxeet, as to its Associates only) of any Partner and (ii) has a cash purchase price per Unit that is at least 2% (10% with respect to the first Competing Offer made following the Offer by the Partnership)

  • Competitive Sealed Bidding means the competitive process described within an Invitation for Bids, wherein the City invites Offerors to submit bids to supply the City with the Goods and/or Service describes in the Solicitation document, where the City will award the resulting contract to the responsible Offeror submitting the low responsive bid.

  • Competitive Products shall include any product or service that directly or indirectly competes with, is substantially similar to, or serves as a reasonable substitute for, any product or service in research, development or design, or manufactured, produced, sold or distributed by the Company;

  • Competing Proposal shall have the meaning set forth in Section 6.6(f)(i).

  • Competitive integrated employment means work (including self-employment) that is performed on a full-time or part-time basis:

  • Protected Territory means the United States of America.

  • Competing Business means any business, individual, partnership, firm, corporation or other entity which wholly or in any significant part engages in any business competing with the Business in the Restricted Area. In no event will the Company or any of its affiliates be deemed a Competing Business.

  • Open Competitive Bidding means a fair and transparent specified procedure defined under these Rules, advertised in the prescribed manner, leading to the award of a contract whereby all interested persons, firms, companies or organizations may bid for the contract and includes both National and International Competitive Biddings;

  • Restricted Territory means the United States of America.