Examples of Compliant Bid in a sentence
The Re-Bidding Process Monitor will not disclose Confidential Information to Project Co or the Senior Lenders or take any action which might materially delay or interfere with the Re-Bidding Process but will be entitled to advise Project Co and the Senior Lenders on whether it considers that the Authority has acted in accordance with the Re-Bidding Process and determined the Highest Compliant Bid Price.
As soon as practicable after receipt of the bids, the Authority will, acting reasonably, determine the Compliant Bids and will notify Project Co of the Adjusted Highest Compliant Bid Price and include in such notice the details and calculations of each component thereof.
Notwithstanding any Dispute relating to the Highest Compliant Bid Price, the Adjusted Highest Compliant Bid Price or the Re-Bidding Process, the Authority will be entitled to enter into a New Project Agreement with the New Project Co in accordance with the Re-Bidding Process.
The Authority will not be obligated to accept the Compliant Bid with the Highest Compliant Bid Price or to enter into any New Project Agreement with the New Project Co, however if the Authority has received a Compliant Bid but decides not to accept it or to enter into a New Project Agreement, the Authority will notify Project Co of this decision, Section 3.4 of this Schedule will continue to apply and the Termination Payment Date will be 30 days after the Authority so notifies Project Co.
Contract will be awarded to the Bidder that submitted Technically Compliant Bid with the lowest prices.Evaluation process will run as explained bellow:- Envelopes marked as “Technical Proposal” will be opened first.