Quick Bid definition

Quick Bid. (QB) means a bid call document used to solicit bids for the acquisition of deliverables of low dollar value, estimated to be up to the amount stated in Appendix “E” - Thresholds of this Policy (including all applicable taxes), from three or more vendors. It is a request to vendors, which is evaluated with the objective of accepting the lowest-priced quotation;
Sample 1Sample 2Sample 3
Quick Bid. (QB) means a bid call document used to solicit bids for low dollar value deliverables estimated to be up to the amount stated in Schedule “E” - Thresholds of this Policy (including non-refundable HST), from one or more vendors. It is a request to vendors, which is evaluated with the objective of accepting the lowest-priced quotation ;
Sample 1Sample 2
Quick Bid. (QB) means a bid call document used to solicit bids for the acquisition of deliverables of low dollar value, estimated to be up to the amount stated in Schedule “E”
Sample 1Sample 2

Examples of Quick Bid in a sentence

  • Small Purchases that cost between $500 and $4,999.99 will require a Quick Bid Form, with three over- the-telephone quotations of rate, price, etc.

  • Small Purchases that cost between $500 and $4,999.99 will require a Quick Bid Form, with three over-the-telephone quotations of rate, price, etc.

  • VAN which had customers that did not use Quick Bid in projecting that all GEIS customers would transfer to CACI in October 1995 (tr.

  • Residents’ groups will be encouraged to apply for such activities through the Quick Bid element which provides awards of up to £1000 to residents’ groups.

  • Total capital is calculated as equity, as presented in the statement of financial position (excluding the cash flow hedge reserve), plus economic net interest bearing debt.

  • Access the promotion and claiming information at the HP Quick Bid website http://www.hp.ca/pweb/commercial/quickbid.htm 2.

  • Regional Offices and their States are:Northeast RegionFederal Office Bldg.

  • Alison Gray asked if the EDB Quick Bid process would remain the same and noted her concern that associations may lose money outstanding on EDB projects when they moved areas.

  • This ensures that both parties are using exactly the same document format description.

  • A Quick Bid shall be used for the purchase of Goods, Services, or Construction not covered under an existing Contract and having an estimated total cost up to the limit as stated in Schedule “B” of this By-law.


More Definitions of Quick Bid

Quick Bid means a purchase of Goods or Services not covered under an existing Contract and having a purchase value up to the limits stated in Schedule “B” of this by-law. A Quick Bid may be in the form of a Request for Proposal or Request for Quote.
Sample 1

Related to Quick Bid

  • Buy Bid means a bid to buy Capacity Resources in any Incremental Auction.

  • Lowest Evaluated Bid means a bid for goods, works and services having the lowest evaluated cost among the substantially responsive bids

  • Proposal / Bid means the technical proposal and the commercial/financial proposal.

  • Best Bid means the highest posted bid price of the Common Stock.

  • Financial Bid means that part of the offer, that provides price schedule, total project costs etc.

  • BC Bid means the BC Bid website located at www.bcbid.ca;

  • Highest Bidder means the Bidder, who quotes the highest License Fees

  • Base Bid means a Bid for Public Works to be performed or Supplies or Services to be furnished under a City Contract, including additives, alternates, deductives, excluding force accounts, and taxes collected separately pursuant to Washington Administrative Code (“WAC”) 458-20-171.

  • Contract base bid means the total dollar amount a contractor bids on a contract without factoring any bid incentive or percentage reductions to the bid amount.

  • Return Bid has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Eligible bidder means a person who is:

  • Submitted Bid has the meaning specified in Section 11.10(d)(i) below.

  • FTR Portfolio Auction Value means for each customer account of a Market Participant, the sum, calculated on a monthly basis, across all FTRs, of the FTR price times the FTR volume in MW.

  • Qualified Bidder As defined in Section 7.01(c).

  • Decrement Bid means a type of Virtual Transaction that is a bid to purchase energy at a specified location in the Day-ahead Energy Market. A cleared Decrement Bid results in scheduled load at the specified location in the Day-ahead Energy Market.

  • Price Bid means the Price Bid submitted by the Bidder, in accordance with Clause 8.15.2;

  • Technical Bid means the bid submitted online through the electronic bidding platform, containing the documents as listed out in Clause 2.5.2 of this RFP;

  • Sound level meter means an instrument which includes a microphone, amplifier, RMS detector, integrator or time averager, output meter, and weighting networks used to measure sound pressure levels.

  • Operating Margin Customer means a Control Area purchasing Operating Margin pursuant to an agreement between such other Control Area and the LLC.

  • Sell Order has the meaning specified in Section 11.10(b)(i) below.

  • Responsive Bid means a Bid that complies with each of the provisions of this RFB, or is either an alternative bid or a bid with an exception, if accepted by the Agency.

  • Meet-Point Billing (MPB means the billing associated with interconnection of facilities between two (2) or more LECs for the routing of traffic to and from an IXC with which one of the LECs does not have a direct connection. In a multi-bill environment, each Party bills the appropriate tariffed rate for its portion of a jointly provided Switched Exchange Access Service.

  • Acceptable bid means any bid which, in all respects, complies with the conditions of bid and specifications as set out in the bid documents.

  • CTS Interface Bid means: (1) in PJM, a unified real-time bid to simultaneously purchase and sell energy on either side of a CTS Enabled Interface in accordance with the procedures of Section 1.13 of Schedule 1 of the Amended and Restated Operating Agreement of PJM, L.L.C.; and (2) in NYISO, a real-time bid provided by an entity engaged in an external transaction at a CTS Enabled Interface, as more fully described in NYISO Services Tariff Section 2.3.

  • bid means a written offer in a prescribed or stipulated form in response to an invitation by an organ of state for the provision of goods or services, through price quotations, advertised competitive bidding processes or proposals;

  • Submitted Sell Order has the meaning specified in Section 11.10(d)(i) below.