Informal bidding definition

Informal bidding means any nonformal contractor selection procedure authorized by this chapter.
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Informal bidding means the solicitation of at least three quotations after approval of specifications by the General Manager pursuant to a notice to potential bidders as determined by the General Manager.
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Informal bidding means requesting written quotes from vendors. Informal bids are required when the cost is more than $1,500.00 but less than
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Examples of Informal bidding in a sentence

  • Informal bidding should be used to assure the most competitive price is received for an item, while avoiding the additional time and expense involved in formal bidding.

  • Informal bidding shall require quotations to be obtained from a vendor either in writing or by oral communication so long as oral communication is documented (see attached form).

  • Informal bidding may be used on work, projects, services, or purchases that cost up to the limits set forth in this article.

  • These are: • Cost accounting policies and procedures; • Informal bidding procedures; and • Accounting procedures review.

  • Informal bidding procedures shall be used for public works projects over $60,000 and up to $200,000 in value.

  • Informal bidding is defined in each district’s policy adopted pursuant to PCC Section 22034.

  • Informal bidding procedures: Informal bidding procedures are prescribed in N.C.G.S.§143-131for construction and repair contracts involving an estimated expenditure of$30,000 or more but less than $500,000.

  • Informal bidding – Bids for projects in the informal bidding range must be “secured.” The statutes do not specify any particular requirements for securing informal bids, so local governments can solicit by any method they choose, such as a newspaper ad, website posting, email, mail, or phone.

  • Informal bidding procedures shall be used for purchases between $30,001 and $125,000.

  • Informal bidding for projects that are $175,000 or less which do not require advertising.


More Definitions of Informal bidding

Informal bidding means requesting written quotes from vendors.
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Related to Informal bidding

  • Solicitation Procedures Order means the order of the Bankruptcy Court or other court of competent jurisdiction approving the Debtors' proposed procedures to govern their solicitation of votes on this Plan.

  • 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;

  • Request for Proposal or “RFP” means all documents, including those attached or incorporated by reference, used for soliciting proposals.

  • Request for Proposals or “RFP” means all documents, including those attached or incorporated by reference, used for soliciting proposals.

  • Open Competitive Bidding means a fair and transparent specified procedure defined under these Rules, advertised in the prescribed manner, leading to the award of a contract whereby all interested persons, firms, companies or organizations may bid for the contract and includes both National and International Competitive Biddings;

  • Informal resolution means options for resolving a formal complaint that do not involve a full investigation and adjudication. Informal resolution may encompass a broad range of conflict resolution strategies, including mediation or restorative justice.

  • Auction Procedures means the Auction Procedures that are set forth in Paragraph 10 of the Articles Supplementary.

  • Bidding Procedures Order means that certain order of the Bankruptcy Court, entitled “Order (A) Approving Sale Procedures and Bid Protections, Including Break-Up Fee(s), In Connection With Sale Of Substantially All Assets; (B) Scheduling An Auction For And Hearing To Approve One Or More Sales; (C) Approving Notice Of Respective Date, Time And Place For Auction And For Hearing On Approval Of Sale(s),” entered on January 16, 2009.

  • Bid Proposal or “Proposal” means the bidder’s proposal submitted in response to the RFP.

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

  • Proposal means the Technical Proposal and the Financial Proposal.