Formal competition definition

Formal competition means a competitive selection process that employs a request for proposals or other means of competitive selection authorized by applicable law and results in procurement of a good or service.

Formal competition means a competitive selection process that employs a request for proposal or other competitive selection process authorized by applicable law resulting in a service contract.

Formal competition means a competitive selection process other than informal competition, including without limitation a request for proposals or request for bids, and which results in the procurement of information technology.

Examples of Formal competition in a sentence

• The department may use informal competition or formal competition for the purchase of any good or service or group of goods or services of general use costing less than$50,000.117.3(2) Formal competition.

• Formal competition shall be used for selection of a vendor for construction, erection, demolition, alteration, or repair of a public improvement when the cost of the work exceeds $100,000 or the adjusted competitive threshold established in Iowa Code section 314.1B.

• Formal competition is required by law for the procurement of supplies, equipment and general services pursuant to Public Contract Code §20111.

• Formal competition is conducted by PSD staff and cannot be conducted by staff at the school/office.

• Formal competition requires that the solicitation be publicly advertised, and sealed bid responses are due on a specified date at a specified time at which time an official bid opening will be held.

• Formal competition shall be used for selection of a vendor for construction, erection, demolition, alteration, or repair of a public improvement when the cost of the work exceeds $100,000 or the adjusted competitive threshold established in Iowa Code section 314.1B.ITEM 3.

• Similarly to Williamson this was the aim of this work albeit for the case of modelling PCI in AGR fuels.

• Formal competition shall be used for selection of a vendor for construction, erection, demolition, alteration, or repair of a public improvement when the cost of the work exceeds $100,000.105.3(4) Purchasing services.

• Formal competition may be waived by the ISD Director for expenditures up to $250,000, and by the Board of County Commissioners for awards greater than $250,000.

• Formal competition is closed or open contests in which teams or individuals are officially designated by a local YMCA to represent that YMCA and for which entry fees are charged, standings are kept, awards given, and records and championships are contested.

More Definitions of Formal competition

Formal competition means the acquisition of Goods and Services governed by competitive bidding law utilizing an Invitation to Tender, a Request for Proposal, an Expression of Interest, etc;

Formal competition means a solicitation process that requires bids or proposals to be submitted in a prescribed format in a sealed envelope, sealed package, or electronic means to be opened at a specified time.

Formal competition means the acquisition of Goods and/or Services governed by competitive bidding law utilizing an Invitation to Tender, a Request for Proposal, an Expression of Interest, or some other competitive mechanism;

Formal competition means the acquisition of goods or services governed by competitive bidding law with formal public advertising utilizing an request to tender, a request for proposal, an expression of interest, etc.

Formal competition means the process of advertising and receiving sealed bids or proposals from prospective contractors or suppliers. Responses to formal solicitations are opened in a public setting.