Final Bid definition

Final Bid as defined in Section 9.22.
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Final Bid means the bid submission designated by the Contracting Authority as the Bidders final bid submission, and which must include all Price Schedules, Profit Percentages and overall pricing within the Tabular Format worksheet and the tables listed at Annex "B".
Sample 1
Final Bid means the completed Bid, following final dialogue on the Draft Final Bid prior to Closure of Dialogue, which will be evaluated to select the Preferred Bidder the Trust is minded to appoint.
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Examples of Final Bid in a sentence

  • Equipment Warranty period is shown in the attached document named RFB1117005168 Final Bid Tabulation by Bidder Name.

  • However, if a Local Certified Service-Disabled Veteran Business Enterprise is the lowest bidder as a result of a Best and Final Bid (also known as a BAFO), then the price submitted as part of the Best and Final Bid shall be the contract price.

  • Bidders will be notified of the due date for the submission of a new Final Bid to the State.

  • At the State’s sole discretion, it may declare the Final Bid to be a Draft Bid in the event that the State determines that Final Bids from all Bidders contain material deviations.

  • The discussion will be based primarily on the technical and cost evaluations of the bidder's Final Bid.

  • A Final Bid may be rejected if it is conditional or incomplete, or if it contains any alterations of form or other irregularities of any kind.

  • If this should occur, the Contractor should be aware that the State contract administrator or designee must approve any changes to the subcontractor(s) prior to the termination of the existing Subcontractor(s).This also includes any changes made between submittal of the Final Bid and actual start of the contract.

  • It provides the flexibility needed for the bidder to test a solution prior to formal submittal of the Final Bid, and it facilitates the correction of defects before they become fatal to the bid.

  • The procurement procedure is designed to give the bidder and the State adequate opportunity to submit questions and discuss the requirements, proposals and counter proposals before the Final Bid is due.

  • There is always a Final Phase, which may include a Draft Bid and revisions, and will always include a Final Bid.


More Definitions of Final Bid

Final Bid means the Purchaser's final bid to acquire the Business and to enter into or otherwise become a party to or bound by the Transaction Documents, lodged with the State on 25 January 1999 in accordance with the Invitation to Tender.
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Final Bid means a final bid entered by a relevant Bidder in respect of Phase 2 of the Procurement Process;
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Final Bid means the proposals submitted by a Bidder in response to an Invitation to Submit Final Bids
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Related to Final 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.

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

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

  • Solicited Discounted Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(D)(1).

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

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

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

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

  • 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.

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

  • 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.

  • Technical Bid means the bid submitted online through the electronic bidding platform, containing the documents as listed out in Clause 2.5.2 of this RFP;

  • Solicited Discount Proration has the meaning set forth in Section 2.05(a)(v)(D)(3).

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

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

  • Solicited Discounted Prepayment Notice means an irrevocable written notice of a Borrower Solicitation of Discounted Prepayment Offers made pursuant to Section 2.11(a)(ii)(D) substantially in the form of Exhibit N.

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

  • Successful Bid means the Bid of the Successful Bidder for acquisition of the Corporate Debtor on Going Concern basis as declared by the Liquidator as per this Process Memorandum;

  • Solicited Discounted Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • 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.

  • 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.

  • Solicited Discounted Prepayment Offer means the irrevocable written offer by each Term Lender, substantially in the form of Exhibit O, submitted following the Administrative Agent’s receipt of a Solicited Discounted Prepayment Notice.

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

  • 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.