Preferred Tenderer definition

Preferred Tenderer. : means the Tenderer deemed by the City to have the highest ranked assessment of its response according to the process set out herein;
View Source
Preferred Tenderer means a Tenderer nominated as such under clause 15.1;
View Source
Preferred Tenderer means the Tenderer selected by the Participants to be appointed as PSDP;
View Source

Examples of Preferred Tenderer in a sentence

  • The LEP shall (after consideration with the Local Authority) provide any Tenderer which is unsuccessful in being selected as a Preferred Tenderer with an appropriate explanation of the reasons behind its non-selection, if so requested by the party in question.

  • Without prejudice to paragraph 6.7, where the LEP believes that only one Compliant Tender is likely to be submitted, or where only one Compliant Tender is likely to be submitted, the LEP shall not be entitled to proceed further with the Market Testing or (as the case may be) to appoint a Preferred Tenderer without the prior written approval of the Local Authority, such approval not to be unreasonably withheld or delayed.

  • Following expiry of the Tender Validity Period, the LEP shall (subject to the provisions of this paragraph) determine which Tenderer (the Preferred Tenderer) offers the Compliant Tender in respect of any Market Tested Service, group of Market Tested Services or individual part of any Market Tested Service, that represents (as the case may be) the best value for money for the Local Authority.

  • It shall be a principle of the Market Testing Proposal that, unless otherwise agreed by the parties (such agreement not to be unreasonably withheld or delayed), the allocation of risk to the Preferred Tenderer, if appointed to act as a Project Service Provider, shall be substantially in accordance with the terms of the relevant Template Project Agreement.

  • At the time of Financial Close, the Swap Base Rate and, if applicable, the EIB Reference Rate to be used by both the Preferred Tenderer and the Contracting Authority will be determined almost real-time in accordance with a Financial Close Protocol determined by the Contracting Authority in order to facilitate the adjustment of the Gross Availability Payment.

  • The Preferred Tenderer may develop the other project facilities (as mentioned in “Annexure A” of the Notice Inviting Tender (NIT)) which is required in support of mandatory project facility and are permissible under Commercial land use as per the ▇▇▇▇ Nagar Vikas Yojna - 2031 with prior approval of Authority.

  • The Contracting Authority will thereby state the name of the Tenderer that has been designated as the Preferred Tenderer and to whom the Contracting Authority therefore intends to award the Tender.

  • Naya Raipur Development Authority (NRDA) desires to develop a parcel of land, measuring approximately ________ square meter ("the Project Land" more specifically defined in Schedule-I hereto), by allotting the land to a Preferred Tenderer selected through competitive bidding process.

  • The Councils reserve the right to not select a Preferred Tenderer at their discretion without awarding a contract and with no liability.

  • E Within 90 (Ninety) days after the issuance of NoA, the Preferred Tenderer has made the payment of G Pursuant to the above, the licensor has agreed to grant the license to the Preferred Tenderer to investigate, study, planning, design, engineer, procure, finance, construct and maintain the project (Development of Health Facility), as set forth in this agreement (termed as “Development Rights” Hereinafter) to the licensee.


More Definitions of Preferred Tenderer

Preferred Tenderer means the Tenderer the Authority intends to award the Contract to in accordance with this ITN.
View Source
Preferred Tenderer means, following the Market Testing of any Market Tested Element, any group of Market Tested Elements or any part of any Market Tested Element (as the case may be), the Tenderer selected to provide such services in accordance with the provisions of paragraph 5.2.4 below
View Source
Preferred Tenderer means the Tenderer with whom the Contracting Authority intends to enter into the Agreement and designated as such by the Contracting Authority pursuant to paragraph 6.4.
View Source
Preferred Tenderer means the tenderer whose offer is selected by the evaluation panel as representing best value for money and is recommended to be awarded the contract, subject to ratification by the approving authority and/or the outcome of successful negotiations and due diligence.
View Source

Related to Preferred Tenderer

  • Senior Final Distribution Date For each Certificate Group, the Distribution Date on which the Class Certificate Balance of each Class of related Senior Certificates has been reduced to zero.

  • Preferred Proponent means the Proponent that is invited into negotiations in accordance with the evaluation process set out in this RFP;

  • Final Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency determined by the Calculation Agent equal to the Notional Amount multiplied by:

  • Preferred Stock as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation, over shares of Capital Stock of any other class of such corporation.

  • Series A Liquidation Preference means a liquidation preference for each Series A Preferred Unit initially equal to $1,000 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series A Preferred Units), which liquidation preference shall be subject to increase by the per Series A Preferred Unit amount of any accumulated and unpaid Series A Distributions (whether or not such distributions shall have been declared).