Partial awards definition

Partial awards. A tender may be partially awarded two or more bidders, provided the following conditions are fully satisfied: 30.5.1 The possibility to partially award is clearly specified in the Invitation to Bid 30.5.2 Favored bidders have met Invitation to Bid requirements 30.5.3 Partial award reflects the best items or services to be obtained value 30.5.4 Any work scope change or awarding criteria shall be clearly communicated all proponents before partial award.
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Examples of Partial awards in a sentence

  • Partial awards may be made where this is perceived by the Head: Supply Chain Management or the Engineer to be in the best interests of the Council.

  • Partial awards may be recommended and/or negotiated with applicants as part of developing the recommendation list.

  • Partial awards will not be made unless otherwise stated in the proposal specifications.

  • Partial awards will be allowed when determined in the best interests of NATO.

  • Partial awards will not be made unless otherwise stated in the Proposal specifications.

  • Partial awards may be recommended and/or negotiated with applicants as part of determining which projects to award grant funding.SACOG staff will take into consideration such factors as geographic diversity and equitable distribution of funds.

  • Partial awards will not be made unless otherwise stated in the bid specifications.1.2 The parties specifically understand and agree that the quantities used for bidding purposes are estimates of county needs and in no event shall the county be obligated to purchase the exact quantities of any item set forth in the bid.

  • Partial awards will not be made unless otherwise stated in the bid specifications.

  • Partial awards will be paid as follows: 75% if TSR is between the 60th and 75th percentile; 50% if TSR is between the 50th and 60th percentile; and 25% if TSR is below the 50th percentile.

  • Partial awards are only available for members exited for compelling personal circumstances, and who have served at least 15% of their term.

Related to Partial awards

  • Annual Award means the cash payment paid or payable to the Executive with respect to a fiscal year under the Corporation's Incentive Compensation Performance Plan.

  • Final Award means, in the context of this Request for Proposals and all its attendant documents, that point at which the final required signature on the contract(s) resulting from the procurement has been affixed to the contract(s) thus making it fully executed.

  • Performance Awards means Performance Units, Performance Shares or either or both of them.

  • Performance Units means an Award which may be earned in whole or in part upon attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Performance-Based Awards means the Performance Share Awards and Restricted Stock Awards granted to selected Covered Employees pursuant to Articles 9 and 10, but which are subject to the terms and conditions set forth in Article 11. All Performance-Based Awards are intended to qualify as "performance-based compensation" under Section 162(m) of the Code.

  • Service Awards means such funds as may be awarded by the Court to Plaintiffs to compensate them for their participation in the Action, as described in Section IV of this Agreement.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Awards means Options, RSUs and PSUs granted to a Participant pursuant to the terms of the Plan;

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Annual Grant means an Option granted annually to all Non-Employee Directors who meet the criteria specified in subsection 6(b) of the Plan.

  • Performance Option means an Incentive Stock Option or Nonqualified Stock Option, the grant of which or the exercisability of all or a portion of which is contingent upon the attainment of specified Performance Measures within a specified Performance Period.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA;

  • Other Incentive Award means an Award denominated in, linked to or derived from Shares or value metrics related to Shares, granted pursuant to Section 9.6 hereof.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Nonemployee Director Award means any Award granted to a Nonemployee Director.

  • Director Award means the grant of any Award (other than an Incentive Stock Option), whether granted singly, in combination, or in tandem, to a Participant who is a Director pursuant to such applicable terms, conditions, and limitations established by the Board.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Equity Awards will mean Executive’s outstanding stock options, stock appreciation rights, restricted stock units, performance shares, performance stock units and any other Company equity compensation awards.

  • Award Year means a fiscal year beginning January 1 and ending December 31 with respect to which an Award may be granted.

  • Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.

  • Performance-Based Restricted Stock means Shares issued or transferred to an Eligible Individual under Section 9.2.

  • Other Share-Based Awards means Awards consisting of Share units, or other Awards, valued in whole or in part by reference to, or otherwise based on, Shares.

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.