Formal Competitive Process definition

Formal Competitive Process means a public procurement process that is competitive, open, transparent, non-discriminatory and compliant with the requirements of the AIT and NWPTA, and includes an ITQ, ITT, RFP, RFSO and RFQ;
Sample 1Sample 2Sample 3
Formal Competitive Process means a procurement method used to acquire goods and services through a solicitation for bid submissions that is open to more than one supplier and includes, but is not limited to, an invitation to tender, a request for proposals and request for quote.
Sample 1Sample 2
Formal Competitive Process means a public procurement process that is competitive, open, transparent, non-discriminatory and compliant with the requirements of the Canadian Free Trade Agreement (CFTA) and the New West Partnership Trade Agreement (NWPTA), and includes an ITQ, ITT, RFP, RFSO and RFQ.
Sample 1Sample 2

Examples of Formal Competitive Process in a sentence

  • Estimated ThresholdsMethodGoods and ServicesLess than $5,000Small Purchase GuidelinesLess than $10,000Informal Process$10,000 to $50,000Invitational Bid Process or Formal Competitive Process (RFP, ITQ, RFSO)Greater than $50,000Formal Competitive Process (RFP, ITQ, RFSO)ConstructionLess than $100,000Invitational Bid Process or Formal Competitive Process (RFP, ITT)Greater than $100,000Formal Competitive Process (RFP, ITT) The chart below identifies the most popular Procurement Methods.

  • Formal Competitive Process – a process, via a Request for Proposal (RFP) or Request for Quotation (RFQ) used by OOD for direct authority purchases as allowed and/or required by Department of Administrative Services (DAS) directives, policies, and procedures and within OOD policies and procedures.

  • Formal Competitive Process: means a procurement method used to acquire goods and services through a solicitation for bid submissions that is open to more than one supplier and includes, but is not limited to, an invitation to tender, a request for proposals and request/invitation to quote.

  • When a Procurement transaction is awarded using a Formal Competitive Process, unsuccessful suppliers are entitled to a debriefing upon request to obtain feedback on the strengths and weaknesses of their Bid.

  • Purchases - Formal Competitive Process 60.10 PurposeThe purpose of the following procedures is to ensure price performance through a competitive procurement process.

  • The RFEOI is used to survey the market for firms interested in responding to a Formal Competitive Process.

  • Estimated ThresholdsMethodGoods and ServicesLess than $5,000Small Purchase GuidelinesLess than $10,000Informal Process$10,000 to $50,000Invitational Bid Process or Formal Competitive Process (RFP, ITQ, RFSO)Greater than $50,000Formal Competitive Process (RFP, ITQ, RFSO)ConstructionLess than $100,000Invitational Bid Process or Formal Competitive Process (RFP, ITT)Greater than $100,000Formal Competitive Process (RFP, ITT) ATTACHMENT BThe chart below identifies the most popular Procurement Methods.


More Definitions of Formal Competitive Process

Formal Competitive Process means a public Procurement process that is competitive, open, transparent, non-discriminatory and compliant with the requirements of the Applicable Trade Agreements.
Sample 1Sample 2
Formal Competitive Process means a public Procurement process that is competitive, open, transparent, non-discriminatory, and compliant with all Applicable Trade Agreements including advertised on BC Bid.
Sample 1Sample 2

Related to Formal Competitive Process

  • Competitive Business means any person or entity that engages in any business activity that competes with the Company’s business in any way, in any geographic area in which the Company engages in business, including, without limitation, any state in the United States in which the Company sells or offers to sell its products from time to time.

  • Commercial cannabis activity means the production, cultivation,