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

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

  • Informal bidding promotes free and open competition among sellers for public dollars and can substantially reduce acquisition costs.

  • If all bids received are in excess of$200,000, the Board of Directors may, by adoption of a resolution by four-fifths vote, award the contract, at two hundred twelve thousand five hundred dollars ($212,500) or less, to the lowest responsible bidder, if it determines the cost estimate of the District was reasonable.B. Informal bidding procedures.

  • 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.2.1 Informal Quotes:The Department/Division shall strive to receive three bids in writing or over the phone, whenever possible.

  • Informal bidding is required when the estimated cost is $30,000 or more, but less than $90,000 for materials, supplies and equipment; and $30,000 or more, but less than $500,000 for construction, renovation and repair contracts (N.C.G.S.§143-131) unless an exception applies.

  • Informal bidding may be used for purchases estimated to cost 1)$100,000 or less for materials, supplies, equipment and services; 2) $50,000 or less for construction; 3) $150,000 or less for federally-assisted ferry vessel repair, maintenance and alteration work; and 4) $1,000,000 or less for non-federally-assisted ferry vessel repair, maintenance and alteration work.

  • If all bids received are in excess of $175,000, the Board of Directors may, by adoption of a resolution by four-fifths vote, award the contract, at one hundred eighty-seven thousand five hundred dollars ($187,500) or less, to the lowest responsible bidder, if it determines the cost estimate of the District was reasonable.B. Informal bidding procedures.

  • Informal bidding may be used for purchases estimated to cost 1)$100,000 or less for materials, supplies, equipment and services; 2) $50,000 or less for construction; 3) $250,000 or less for federally-assisted ferry vessel repair, maintenance and alteration work; and 4) $1,000,000 or less for non-federally-assisted ferry vessel repair, maintenance and alteration work.


More Definitions of Informal bidding

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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Related to Informal bidding

  • Informal hearing means a meeting between the Division and the licensee when a temporary suspension order has been issued.

  • 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;

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

  • Bidder/Bidding Company means Bidding Company submitting the Bid. Any reference to the Bidder includes Bidding Company/ including its successors, executors and permitted assigns as the context may require”.

  • Informal communications means any communication method other than written emails to the Point of Contact Person identified for this RFP.

  • competitive bidding process means a competitive bidding process referred to in paragraph 12 (1) (d) of this Policy;

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

  • Unsolicited proposal means a written proposal for a public-private initiative that is submitted by a private entity for the purpose of entering into an agreement with the department but that is not in response to a formal solicitation or request issued by the department.

  • 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.

  • 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.

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

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

  • Bid Procedures Order means an Order of the Bankruptcy Court that (a) is in substantially the form set forth as Exhibit A to this Agreement or otherwise in a form reasonably satisfactory to the Sellers and acceptable to the Buyer in its sole discretion, and (b) approves procedures for the solicitation and consideration of competitive bids for the Assets under the terms and conditions of this Agreement and authorizing the protections set forth in Article 11 for the Buyer.

  • 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;

  • Interested Bidder means any person or persons who have submitted the Request Letter for Participation along with signed Bid Form, notarized affidavit, signed Declaration, requisite Earnest Money and other necessary documents to complete the eligibility check formalities to the satisfaction of the Liquidator.

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

  • Auction Procedures means the auction procedures constituting Part II of the form of Statement as of the filing thereof.

  • 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.

  • Request for Proposal (RFP means the solicitation document issued by Purchasing to potential vendors for the purchase of equipment, supplies, and/or services as described in the document. The definition includes these Terms and Conditions as well as all Pricing Pages, Exhibits, Attachments, and Addendums thereto.

  • 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 of the Consultant.

  • Bid Solicitation means a formal request for Bids including an Informal Quotation, Request for Quotation, Request for Pre-Qualification, Request for Tender, Request for Proposal, Negotiated Request for Proposal, or Request for Expression of Interest;