Lump Sum Base Bid definition

Lump Sum Base Bid means the sum stated in the Bid for which Bidder offers to perform the Work described in the Bidding Documents, but not including unit price items or Alternates.
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Examples of Lump Sum Base Bid in a sentence

  • When applicable to this Project, the Bidder acknowledges and agrees to accept and use the Allowances as shown in Section 01 20 00 Contract Considerations of Division 01 General Requirements as part of the Proposed Lump Sum Base Bid listed in Subsection 2.1 of this Bid Proposal Form.

  • The Bidder acknowledges that their Proposed Lump Sum Base Bid Proposal includes: Number of Addenda.

  • Insert the Proposed Lump Sum Base Bid in the spaces provided below, including both numerical figures and “printed words” dollar amount.

  • The Bidder acknowledges and agrees to hold the Proposed Lump Sum Base Bid in Subsection 2.1 of this Bid Proposal Form for ninety (90) Calendar Days and any extensions caused by the Bidder’s delays in required submissions.

  • The Proposed Lump Sum Base Bid shall include all Allowances, all work indicated on the drawings and/or described in the specifications except for Contingent Work.

  • The Bidder acknowledges that the Proposed Lump Sum Base Bid submitted on this Bid Proposal Form includes all work indicated on the drawings and/or described in the specifications, except for the Contingent Work described in Subsection 2.4.

  • If Alternates are called for and no change in the Lump Sum Base Bid is required, indicate “No Change” by marking the appropriate box.

  • The Contract Sum will be the sum of the Lump Sum Base Bid and the additive or deductive amounts for all Alternates that University has elected to be included in the Contract Sum as of the time of award.

  • Each Bid shall be accompanied by Bid Security in the amount of 10% of the Lump Sum Base Bid as security for Bidder's obligation to enter into a Subcontract Agreement with CM/Contractor on the terms stated in the Bid Form and to furnish all items required by the Bidding Documents.

  • If the Owner accepts the Alternate Price, the variation is then a part of the Contract and the quoted amount will be added or deducted from the Lump Sum Base Bid Price and will be used in determining or modifying the Contract Sum.

Related to Lump Sum Base Bid

  • Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.

  • Eligible bidder means a person who is:

  • Payment Schedule ’ means a schedule which sets out—

  • CTS Interface Bid means a unified real-time bid to simultaneously purchase and sell energy on either side of a CTS Enabled Interface in accordance with the procedures of Operating Agreement, Schedule 1, section 1.13, and the parallel provisions of Tariff, Attachment K- Appendix.

  • Capacity Benefit Margin or “CBM” shall mean the amount of firm transmission transfer capability preserved by the transmission provider for Load-Serving Entities (“LSEs”), whose loads are located on that Transmission Service Provider’s system, to enable access by the LSEs to generation from interconnected systems to meet generation reliability requirements. Preservation of CBM for an LSE allows that entity to reduce its installed generating capacity below that which may otherwise have been necessary without interconnections to meet its generation reliability requirements. The transmission transfer capability preserved as CBM is intended to be used by the LSE only in times of emergency generation deficiencies.

  • Scheduled Distribution means, with respect to any Collateral Loan, for each Due Date, the scheduled payment of principal and/or interest and/or fees due on such Due Date with respect to such Collateral Loan.

  • Eligible Bidder(s) means Bidder(s) who are eligible in terms of this E-Auction Process Memorandum, provisions of IBC and provisions of the Liquidation Process Regulations;

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Monthly Report Determination Date The meaning specified in Section 10.7(a).