Local Competitive Bidding definition

Local Competitive Bidding means the process where the procurement is only advertised and carried out in the country of the Procuring Entity;
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Local Competitive Bidding or “LCB” means the procurement method which is in accordance with the relevant rules and regulations set forth in Perpres.
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Examples of Local Competitive Bidding in a sentence

  • As this is a tender involving only Indian bidders (Local Competitive Bidding) the currency of the bid must be in Indian Rupees only and payment will be made accordingly in Indian Rupees.

  • The name and identification number of this Local Competitive Bidding (LCB) procurement are specified in the BDS.

  • This document is envisaged for Local Competitive Bidding (LCB), meant for use for Works costing not more than Rs. 25 Million.

  • LCB (Local Competitive Bidding): The Price for the Reverse auction would be the FOR Destination price, which should include all the components of Taxes and levies applicable, Freight, Insurance etc as per the pricing schema given in the particular tender.

  • Bidding will be conducted through the Local Competitive Bidding (LCB) method and is open to all interested bidders from the project areas or their vicinity, and other eligible bidders as defined in the Bidding Documents.

  • LCB (Local Competitive Bidding)- The Price for the Reverse auction would be the FOR Destination price, which should include all the components of Taxes and levies applicable, Freight, Insurance etc as per the pricing schema given in the particular tender.

  • The bid can be submitted by an individual firm This is a Local Competitive Bidding.

  • Procurement offered through Local Competitive Bidding shall be advertised in a national, daily circulated newspaper.

  • Local Competitive Bidding means procurement opportunities are open to all appropriately registered and qualified contractors.

  • ITB 1.1The Employer is : Project Director, PTSLPITB 1.1The name of the bidding process is: Local Competitive Bidding The identification number of the bidding process is: RoC/No/1095/C2/PTSLP/2019, dated 29.11.2019Name of the work: Fabrication of Artificial reefs as per design and requirements of each LotEach bidder shall submit only one bid for one contract.

Related to Local Competitive Bidding

  • 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;

  • 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;

  • Competitive Bid means an offer by a Lender to make a Competitive Loan in accordance with Section 2.04.

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

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

  • Competitive Bid Accept/Reject Letter means a notification made by the Borrower pursuant to Section 2.03(d) in the form of Exhibit A-4.

  • 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 Request means a request by the Borrower for Competitive Bids in accordance with Section 2.04.

  • 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.

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

  • 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.

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

  • Competitive Bid Borrowing means a borrowing consisting of simultaneous Competitive Bid Advances from each of the Lenders whose offer to make one or more Competitive Bid Advances as part of such borrowing has been accepted under the competitive bidding procedure described in Section 2.03.

  • 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.

  • Competitive Bid Advance means an advance by a Lender to the Borrower as part of a Competitive Bid Borrowing resulting from the competitive bidding procedure described in Section 2.03 and refers to a Fixed Rate Advance or a LIBO Rate Advance.

  • 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.

  • 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.

  • Bid Loan Lender means, in respect of any Bid Loan, the Lender making such Bid Loan to the Borrower.

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Initial Term Lender means any Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • New Term Lender a Lender that has a New Term Loan.

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

  • Prospective bidder means anyone likely or desirous to be a bidder.

  • Bid Request means a written request for one or more Bid Loans substantially in the form of Exhibit B-1.

  • New Term Loan Lender shall have the meaning provided in Section 2.14(c).

  • Additional Term Lender means any Lender with an Additional Term Loan Commitment or an outstanding Additional Term Loan.