No Bid definition

No Bid means the Vendor (Bidder) is not submitting a Proposal for an item on a price line.
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No Bid means a delinquent Mortgage Loan with respect to which the VA has notified Purchaser or Seller that the VA intends to exercise its option to pay the amount guaranteed by the VA (and leave the Mortgaged Property with Purchaser or Seller).
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No Bid shall have the meaning set forth in Section 3.1.
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Examples of No Bid in a sentence

  • No Bid shall be rejected at the opening stage, except for late submission, for which the Bid shall be returned unopened to the Bidder.

  • No Bid shall be awarded to a Bidder whose name (or any of its members, directors, partners or trustees) appear on the Register of Tender Defaulters kept by National Treasury, or who have been placed on National Treasury’s List of Restricted Suppliers.

  • No Bid modification shall be permitted unless the corresponding modification notice contains a valid authorization to request the modification and is read out at Bid opening.

  • No Bid substitution shall be permitted unless the corresponding substitution notice contains a valid authorization to request the substitution and is read out at bid opening.

  • No Bid withdrawal shall be permitted unless the corresponding withdrawal notice contains a valid authorization to request the withdrawal and is read out at Bid Opening.


More Definitions of No Bid

No Bid. A delinquent Mortgage Loan with respect to which the VA has notified Purchaser or Seller that the VA intends to exercise its option to pay the amount guaranteed by the VA (and relinquish all rights with respect to the Mortgaged Property to Purchaser or Seller, as the case may be).
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No Bid has the meaning set forth in Section 4.2(a) of the Master Agreement. NOS has the meaning set forth in the “Information Security Requirements” Exhibit.
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No Bid means a lot that has not attracted any bids at the auction;
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No Bid means a lot that has not attracted any bids at the auction; “out-turn number” means a reference number assigned by a
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No Bid means the procedure outlined in Art. 12 hereof.
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No Bid means a written no bid response a vendor supplies in response to a solicitation request. A written no bid may count as a quote providing the vendor is capable of providing the requested goods or services.
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No Bid means you do not wish to place a bid against a specific line item.
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