False bid definition

False bid means a non−existent bid acknowledged by an auctioneer in an attempt to escalate bidding.
False bid means a non-existent bid acknowledged by an auctioneer in an attempt to escalate bidding.

Related to False bid

  • Base Bid means a Bid for Public Works to be performed or Supplies or Services to be furnished under a City Contract, including additives, alternates, deductives, excluding force accounts, and taxes collected separately pursuant to Washington Administrative Code (“WAC”) 458-20-171.

  • Responsive Bid means a Bid that complies with each of the provisions of this RFB, or is either an alternative bid or a bid with an exception, if accepted by the Agency.

  • Contract base bid means the total dollar amount a contractor bids on a contract without factoring any bid incentive or percentage reductions to the bid amount.

  • Price Bid means the Price Bid submitted by the Bidder, in accordance with Clause 8.15.2;

  • Responsive bidder means a person who has submitted a bid that conforms in all material respects

  • Alternate Bid means multiple Bids with substantive variations from the same Bidder in response to a Solicitation.

  • Responsive Bidder or Offeror means a person who submits a bid or proposal which conforms in all material respects to the invitation for bids or request for proposals.

  • Competitive Bid means an offer by a Lender to make a Competitive Loan in accordance with Section 2.04.

  • Buy Bid means a bid to buy Capacity Resources in any Incremental Auction.

  • Non-responsive Bid means a bid, which is not submitted as per the instructions to the bidders or Earnest Money Deposit has not been attached, or the required data has not been provided with the Bid or intentional errors have been committed in the Bid.

  • Alternative Bid means a response to a bid that does not meet the exact requirements of the specification but offers an alternative for consideration. An alternative bid is submitted with an intentional variation to a provision, specification, term or condition of the solicitation. This alternative, in the opinion of the bidder, achieves the same end result. Alternative bids may be rejected as non-responsive.

  • The Bidder means the individual or firm who participates in this tender and submits its bid.

  • BC Bid means the BC Bid website located at www.bcbid.ca;

  • Prospective bidder means anyone likely or desirous to be a bidder.

  • Acceptable bid means any bid which, in all respects, complies with the conditions of bid and specifications as set out in the bid documents.

  • Best Bid means the highest posted bid price of the Common Stock.

  • Eligible bidder means a person who is:

  • Proposal / Bid means the technical proposal and the commercial/financial proposal.

  • Competitive Bid Accept/Reject Letter means a notification made by the Borrower pursuant to Section 2.03(d) in the form of Exhibit A-4.

  • Return Bid has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Submitted Bid has the meaning specified in Section 11.10(d)(i) below.

  • Response Date has the meaning assigned to such term in Section 2.22(a).

  • Invitation for Bid means and include the present document, and such other complements and agenda, which may subsequently be issued in this connection.

  • Responsible bidder or offeror means a person who at the time of Contract Award has the capability to perform the Contract requirements and the integrity and reliability which will assure good faith performance.

  • Discount Range Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Competitive bidding means a transparent process for procurement of equipment, services and works in which bids are invited by the project developer by open advertisement covering the scope and specifications of the equipment, services and works required for the project, and the terms and conditions of the proposed contract as well as the criteria by which bids shall be evaluated, and shall include domestic competitive bidding and international competitive bidding;