Preferred Bidder definition

Preferred Bidder means a bidder that is entitled to receive a reciprocal preference under the requirements of this chapter.

Preferred Bidder means a bidder that is entitled to receive a reciprocal preference

Preferred Bidder means a bidder with whom negotiations may be entered into to conclude the final terms of a contract

Examples of Preferred Bidder in a sentence

• Upon signing of the Agreement, the Preferred Bidder shall be considered to be the “Successful Bidder”.

• The Tie Bidder who offers the lowest revised Price Bid in such auction shall be declared to be Preferred Bidder and the lowest revised Price Bid received by OMC during such auction shall be the L1 price.

• In case of a second round of tie between the revised Price Bids submitted by the Tie Bidders, the Bidder with the higher average annual turnover (to be determined by OMC on the basis of the audited financial statements submitted by such Bidders as part of their Techno-Commercials Bids) in the last 3 (three) financial years shall be declared as the Preferred Bidder and the L1 price shall be the revised Price Bid submitted by such Bidder during the auction.

• The Preferred Bidder will be allocated a time period of a maximum of (ten) 10 working days for signature and for the commencement of work on the account.

• The Parties hereby undertake that in the event the JV/Consortium is declared the Preferred Bidder and awarded the Project, it shall incorporate a wholly owned special purpose company under the provisions of Indian Companies Act, 1956, as the O&M Contractor; in whose subscribed and paid up capital, the Preferred Bidder i.e. the parties herein shall collectively hold 100% equity during the License Period.

More Definitions of Preferred Bidder

Preferred Bidder means the bidder, including any bidding consortium, to be appointed as preferred bidder in terms of regulation 16.5.4;

Preferred Bidder. - means any bidder who during the evaluation process scores the highest points and/or is recommendable for appointment.

Preferred Bidder means, in relation to a Qualifying Project, the Qualifying Bidder determined by Ofgem, in its sole discretion and following its evaluation of the Bids received (and any BAFO Submissions requested), as the Qualifying Bidder to which it intends (subject to the satisfaction of the conditions specified by Ofgem) to grant the Offshore Transmission Licence;

Preferred Bidder means the successful bidder, whose Bid provides the maximum benefit to RSRTC and has been so identified by RSRTC.

Preferred Bidder means the bidder whom has been ranked number one in accordance with the process and criteria set out in the request for proposal;

Preferred Bidder means the company, firm, consortium or other legal entity selected by the YESAB during the RFP process to negotiate the Contract.

Preferred Bidder means the Bidder, whose Bid is declared as the Bid with the Highest Total Annual License Fee quoted for the Project as a result of the Bid evaluation process as set forth in this RFP document.