Letter Inviting Bid definition

Letter Inviting Bid. (LIB) shall mean EIL’s request to Bidder for a Bid/ Tender together with the Bidding Document on behalf of the Owner.
Sample 1Sample 2Sample 3
Letter Inviting Bid. (LIB) shall mean EIL‟s request to Bidder for a Bid/
Sample 1

Examples of Letter Inviting Bid in a sentence

  • Any offer incomplete in any particulars is liable to be rejected.1.4 The Proposals shall be submitted on-line before the time limit for bid submission specified in the Letter Inviting Bid.1.5 Supplier shall submit the open authorization on-line with in the time limit specified in the Letter Inviting bid.1.6 The Proposal will be opened on the date and on the time specified in the Letter Inviting Bid or as soon thereafter as convenient.

  • Any offer incomplete in any particulars is liable to be rejected.If the space in the Proposal or any schedule or Annexures thereto is insufficient, pages shall be separately added.The Proposal shall be opened on the date and at the time, specified in the Letter Inviting Bid.

  • Other terminologies having the same meaning are Letter Inviting Bid (LIB), Letter Inviting Offer (LIO) and Request for Proposal (RFP).

  • The contract period for the subject work shall be as mentioned in the Letter Inviting Bid (LIB) / Notice for Invitation for Bids (IFB).

  • The Bidder agrees that the Letter Inviting Bid (LIT)/Notice Inviting Tender (NIT) is an invitation to offer made on the conditions that the Bidder will sign the enclosed Integrity Agreement, which is an integral part of the tender documents, failing which the tenderer will stand disqualified from tendering process.

  • The Bidder shall submit documentation called for in the Letter Inviting Bid.

  • CONTENTS OF BIDDING DOCUMENT6.1 The Bidding Documents has been hosted on EIL Website http://tenders.eil.co.in/newtenders/, other websites mentioned in the RFQ covering letterNotice Inviting Bid/ Letter Inviting Bid and also in https://eprocure.gov.in/eprocure/app.6.2 The bidder is expected to examine Bidding Documents, bidding guidelines received from EIL or available on EIL website, all instructions, formats, terms, specifications and drawings etc., enclosed in the Bidding Documents.

  • The Contract Period for this work/services shall be as mentioned in Letter Inviting Bid (LIB).

  • EMD shall be furnished through crossed Bank Demand Draft or Pay Order or B.G. from a Scheduled Bank in favour of Engineers India Ltd., payable at New Delhi, for the amount indicated in Letter Inviting Bid (LIB).

  • The Contractor expressly agrees and undertakes that upon expiry of original period of the Contract, EIL shall have the right to extend the contract on same rates, terms and conditions for such further period (as EIL in its sole discretion deems fit) as mentioned in the Letter Inviting Bid (LIB) / Notice for Invitation for Bids (IFB) (from the date of expiry), in which case, the Contractor agrees to be bound by said extension by EIL.

Related to Letter Inviting Bid

  • Invitation for Bid (IFB means the solicitation document issued 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.

  • Invitation for Competitive Bid Quotes means the notice substantially in the form of Exhibit C hereto to the Lenders in connection with the solicitation by the Borrower of Competitive Bid Quotes.

  • Winning Bid Rate has the meaning specified in Section 11.10(d)(i) below.

  • Bid Application Form means the form as specified in Annexure II of this E-Auction Process Information Document;

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

  • Winning Bidder With respect to a Successful Auction, the Qualified Bidder that bids the highest price.

  • Competitive Bid Note means a promissory note of the Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of the Borrower to such Lender resulting from a Competitive Bid Advance made by such Lender.

  • Notice of Competitive Bid Borrowing has the meaning specified in Section 2.03(a).

  • Competitive Bid Rate means, with respect to any Competitive Bid, the Margin or the Fixed Rate, as applicable, offered by the Lender making such Competitive Bid.

  • Competitive Bid Quote means a response submitted by a Lender to the Administrative Agent or the Borrower, as the case may be with respect to an Invitation for Competitive Bid Quotes in the form attached as Exhibit C-3.

  • Competitive Bid Reduction has the meaning specified in Section 2.01.

  • Invitation for Bid means and include the present document, and such other complements and agenda, which may subsequently be issued in this connection.

  • Request for Quote or “RFQ” means an electronic message disseminated on the SEF Platform for the purposes of soliciting bids or offers for a specific Swap.

  • Request for Quote (RFQ means the solicitation document issued by OA/FMDC 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.

  • Competitive Bid Quote Request means the notice, in substantially the form of Exhibit C hereto, to be delivered by the Company in accordance with Section 2.03 in requesting Competitive Bid Quotes.

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

  • Bid Rate Quote means an offer in accordance with Section 2.2.(c) by a Lender to make a Bid Rate Loan with one single specified interest rate.

  • 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;

  • Alternate Bid means multiple Bids with substantive variations from the same Bidder in response to a Solicitation.

  • Solicitation” or "Request for Applications (RFA means the document (including all amendments and attachments) issued by the System Agency under which applications for Program funds were requested, which is incorporated by reference for all purposes in its entirety.

  • Notice Inviting Tender means the notice issued by a SNDB through publication in the newspapers or through electronic means for the purpose of inviting bids, or applications for pre-qualifications, or expression of interests, which may include Tender Notice, Invitation for Bids, Notice for Pre- qualifications or Request for Expression of Interests;

  • Competitive Bid Margin means the margin above or below the applicable Eurocurrency Base Rate offered for a Eurocurrency Bid Rate Loan, expressed as a percentage (rounded to the nearest 1/100 of 1%) to be added or subtracted from such Eurocurrency Base Rate.

  • Credit Bid means, an offer submitted by Agent (on behalf of the Lender group), based upon the instruction of the Required Lenders, to acquire the property of any Loan Party or any portion thereof in exchange for and in full and final satisfaction of all or a portion (as determined by Agent, based upon the instruction of the Required Lenders) of the claims and Obligations under this Agreement and other Loan Documents.

  • Quote means a competitively solicited written offer to furnish Supplies or Services by a method of procurement that is less formalized than a Bid or a Proposal. This term may be further defined in the Purchasing Policy Manual.

  • Borrower Solicitation of Discount Range Prepayment Offers means the solicitation by any Company Party of offers for, and the corresponding acceptance by a Lender of, a voluntary prepayment of Term Loans at a specified range of discounts to par pursuant to Section 2.05(a)(v)(C).

  • Competitive Bid Loan means a Competitive Bid LIBOR Loan or a Competitive Bid Absolute Rate Loan.