Preferred Tenderer definition

Preferred Tenderer means the Tenderer referred to in clause 3.9.
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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;
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Preferred Tenderer means a Tenderer nominated as such under clause 15.1;
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Examples of Preferred Tenderer in a sentence

  • Other Project Facilities:The Preferred Tenderer may develop Service Station and 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 Atal Nagar Vikas Yojna - 2031 with prior approval of Authority.

  • By submitting a Tender, a Tenderer agrees that, upon Tender Acceptance, the Tenderer, if selected as the Preferred Tenderer, will execute the Contract.

  • This RFT does not commit the City in any way to select a Preferred Tenderer, or to proceed to negotiations for a Contract, or to award a Contract.

  • Any changes to the timing or scope of work under the Contract must be managed by the Preferred Tenderer to ensure the overall fee payable by Council under the Contract does not exceed what is specified.

  • The Preferred Tenderer will be required to have the following insurances under the Contract: Public Liability not less than $20,000,000.00 Workers Compensation insurance covering its employees.

  • The Preferred Tenderer is required to take action to manage the risk of COVID-19.

  • The Principal may enter into negotiation with a Preferred Tenderer or a number of candidate tenderers.

  • If agreement is reached with the Preferred Tenderer, then the BBC will notify the unsuccessful Tenderers as soon as reasonably practical, and the contract will be awarded to the Successful Tenderer.

  • Award of the Tenderer should not be considered complete until the Preferred Tenderer is confirmed having passed the Company’s due diligence assessment.

  • This selection will be at the sole discretion of the SANRAL and the SANRAL will be under no obligation to select any Preferred Tenderer.


More Definitions of Preferred Tenderer

Preferred Tenderer means the Tenderer selected by the Participants to be appointed as PSDP;
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Preferred Tenderer means the Tenderer the Authority intends to award the Contract to in accordance with this ITN.
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Preferred Tenderer means the Tenderer who, in the opinion of Council, best satisfies the selection criteria.
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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.
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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.
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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
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Related to Preferred Tenderer

  • 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.

  • Final Preference Share Redemption Date means the date that falls twenty Business Days following the Valuation Date on which the Calculation Agent has determined the Final Preference Share Redemption Amount or, if earlier, the first Auto-Call Valuation Date on which an Auto-Call Trigger Event has occurred.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Preferred Dividends means, for any period and without duplication, all Restricted Payments paid during such period on Preferred Equity Interests issued by the Parent or a Subsidiary. Preferred Dividends shall not include dividends or distributions (a) paid or payable solely in Equity Interests (other than Mandatorily Redeemable Stock) payable to holders of such class of Equity Interests, (b) paid or payable to the Parent or a Subsidiary, or (c) constituting or resulting in the redemption of Preferred Equity Interests, other than scheduled redemptions not constituting balloon, bullet or similar redemptions in full.