Reserve Bidder definition

Reserve Bidder means 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 second choice Qualifying Bidder to which Ofgem would consider granting the Offshore Transmission Licence should Ofgem ultimately decide not to grant the Offshore Transmission Licence to the Preferred Bidder;
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Reserve Bidder means a qualifying bidder determined as a reserve bidder in accordance with regulation 20(5) in relation to the best and final offer stage or regulation 19(3) in any other case;
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Reserve Bidder means the Qualifying Bidder determined by Ofgem, in its sole discretion and following its evaluation of the Bids received (and any
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Examples of Reserve Bidder in a sentence

  • Negotiations will commence with the Preferred Bidder immediately upon the date stated in the notification of Preferred Bidder status (or if no such date is specified, upon the date of the notification itself) and there shall be no negotiations at this time with the Reserve Bidder.

  • These Rules for Negotiation therefore apply to any negotiations with the Preferred Bidder, Reserve Bidder and any other designated Bidder (as the case may be).

  • In making this assessment the panel noted: • WASP Hockey Club submitted a sound CSRFF funding application.

  • The Ministry shall at the same time as notifying the Preferred Bidder and Reserve Bidder notify the other Bidders of the fact that they were unsuccessful and provide to those other Bidders the name of the Preferred Bidder and the Reserve Bidder.

  • The Ministry will notify each of the successful Preferred Bidder and Reserve Bidder in writing as soon as reasonably practicable after obtaining approvals for such notification and a copy of such notification will be posted on the Ministry Website.

  • The Bidder shall not be entitled to bring any such claim after the expiry of one month from the date of issue of the notification by the Ministry of the Preferred Bidder and Reserve Bidder to such Bidders.

  • If negotiations with a Preferred Bidder are terminated as aforesaid the Ministry shall be entitled at its sole and absolute discretion to undertake negotiations with the Reserve Bidder, re-open the tender process or abandon the tender process.

  • The Preferred Bidder and Reserve Bidder will be selected in accordance with the Bid evaluation process set out in paragraph 7 of this RFP.

  • Any such negotiation with the Reserve Bidder shall be subject to the same Negotiation Period and Extended Negotiation Period process and the Commencement Date shall for such purposes be the date of notification by the Ministry to the Reserve Bidder that it wishes to commence negotiations with the Reserve Bidder.

  • This will include, but not be limited to, support throughout the negotiations with the Preferred, and if necessary, the Reserve Bidder, providing necessary assistance to KURA in meeting its conditions precedent and responding to queries raised by financiers in the period up to Financial Close as required.


More Definitions of Reserve Bidder

Reserve Bidder means a Pre-Qualified Bidder whose Bid is ranked second to the Preferred Bidder in accordance with the Evaluation Criteria.
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Reserve Bidder means the Bidder that will stand by in case they are required to step in should one of the selected Bidders withdraw within the early stages of the dialogue.
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Reserve Bidder means a Qualifying Bidder determined as a Reserve Bidder in accordance with regulation or 16(4) or 17(5) of the 2010 Regulations, or regulation 18(3) or 19(5) of the 2013 Regulations.
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Related to Reserve Bidder

  • The Bidder means the individual or firm who participates in this tender and submits its bid.

  • Responsive bidder means a person who has submitted a bid that conforms in all material respects

  • Federal Reserve Bank The Federal Reserve Bank of New York and/or such other Federal Reserve Banks as may maintain Pass-Through Certificates on the Fed System, or any successor selected or approved by Xxxxxxx Mac.

  • Alternative Bid means a response to a bid that does not meet the exact requirements of the specification but offers an alternative for consideration. An alternative bid is submitted with an intentional variation to a provision, specification, term or condition of the solicitation. This alternative, in the opinion of the bidder, achieves the same end result. Alternative bids may be rejected as non-responsive.

  • 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.

  • Reserve Bank means the Reserve Bank of India constituted by Section 3 of the Reserve Bank of India Act, 1934 (2 of 1934).

  • 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.

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

  • Eligible bidder means a person who is:

  • Federal Reserve Board means the Board of Governors of the Federal Reserve System.

  • Federal Reserve means the Board of Governors of the Federal Reserve System.

  • Non-responsive Bid means a bid, which is not submitted as per the instructions to the bidders or Earnest Money Deposit has not been attached, or the required data has not been provided with the Bid or intentional errors have been committed in the Bid.

  • Eligible Bidder(s) means Bidder(s) who are eligible in terms of this E-Auction Process Memorandum, provisions of IBC and provisions of the Liquidation Process Regulations;

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

  • 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.

  • Competitive Bid means an offer by a Lender to make a Competitive Loan in accordance with Section 2.04.

  • Federal Reserve Bank of New York’s Website means the website of the Federal Reserve Bank of New York at xxxx://xxx.xxxxxxxxxx.xxx, or any successor source.

  • Federal Reserve Bank of New York s Website” means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org, or any successor source.

  • Responsive Bidder or Offeror means a person who submits a bid or proposal which conforms in all material respects to the invitation for bids or request for proposals.

  • Competitive bidding means a transparent process for procurement of equipment, services and works in which bids are invited by the project developer by open advertisement covering the scope and specifications of the equipment, services and works required for the project, and the terms and conditions of the proposed contract as well as the criteria by which bids shall be evaluated, and shall include domestic competitive bidding and international competitive bidding;

  • Alternate Bid means multiple Bids with substantive variations from the same Bidder in response to a Solicitation.

  • Competitive Bid Rate means, with respect to any Competitive Bid, the Margin or the Fixed Rate, as applicable, offered by the Lender making such Competitive Bid.

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

  • Competitive Bid Note means a promissory note of any Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of such Borrower to such Lender resulting from a Competitive Bid Advance made by such Lender to such Borrower.