Estimated Bid Value definition

Estimated Bid Value means the estimate of the value of a Scheme submitted with the Bid and will be the sum of the Estimated Construction Value and applicable Design fees.
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Examples of Estimated Bid Value in a sentence

  • The Operating Company shall provide an Estimated Bid Value for all potential landscaping Schemes and interventions as well as cost estimates for improvements to maintenance requirements.

  • Estimated Bid Value means value of subject matter of procurement mention in bidding documents by the Procuring Entity.

  • Unbalanced Bid means any bid below more than fifteen percent of Estimated Bid Value.

  • Bid Amount means positive difference of eighty-five percent of Estimated Bid Value Minus Bid Amount Quoted by the bidder.

  • Bid Amount means positive difference of eighty-five percent of Estimated Bid Value minus Bid Amount Quoted by the bidder.

  • The Estimated Bid Value indicated above is being declared solely for the purpose of guidance on EMD amount and for determining the Eligibility Criteria related to Turn Over, Past Performance and Project / Past Experience etc.