Informal Tender definition
Informal Tender means a process whereby offers are invited without necessarily giving a firm closing date. As offers are received, they are opened as they are received. Bidders may be invited to increase their bids, possibly having been informed that a higher bid has been received following a closing date for initial bids. The invitation to submit further bids shall be subject to a final bid closing date. Should a higher bid be received after the final bid closing date the Council makes its position clear that in this event any higher offer being received before completion of the sale, the Council may be obliged to consider it.
Informal Tender means a tender which is not advertised in the Gazette, but for which competitive quotations have been obtained;
Examples of Informal Tender in a sentence
The Decision Notice dated 20th April 2016 , indicative plans and the notice of decision can be downloaded from the East Riding of Yorkshire planning website at:- The property is offered for sale by Informal Tender.
METHOD OF SALE The land is being offered for sale by Informal Tender (unless sold prior), as a whole or in three lots, as may suit buyer's requirements, the closing date for tenders being Wednesday 26 September 2018 at 12 noon.