Two Envelope System definition

Two Envelope System means an optional bid process whereby the bid is submitted in two envelopes, the information considered necessary for a compliant bid in one, and all other information in another. The second envelope is only opened if the first envelope shows the bid is compliant. A variation on this approach is to have all required information in one envelope and the price in the second. Again, price is only opened after the contents of the first are verified as appropriate.
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Two Envelope System means the system of evaluating submissions set out in regulation 23; and
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Two Envelope System means the procurement method used in the Request for
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Examples of Two Envelope System in a sentence

  • The bids are called under Single Stage Bidding & Two Envelope System.

  • Single Stage Two Envelope System of Bidding has been adopted in which BIDDER should bifurcate their quotations in two envelops.

  • The bids are being called under Single Stage Bidding & Two Envelope System.

  • Relevant here, Absolute argued in its motion that the complaint presented no evidence that the $125 it charged for a foreclosure posting was inflated beyond the market price and that the State’s evidence of market price was cherry-picked and not reliable.

  • Two Envelope System The ORIGINAL - TECHNICAL COMPONENTS requirements stated below shall be enclosed into a folder, same as with the ORIGINAL - FINANCIAL COMPONENTS requirements which will also be done in a separate folder.

  • A faculty member has the exclusive responsibility for making and changing a grade, except in the case where the Honor Code Council has made a determination that supports a change.Undergraduate Midterm GradesUndergraduate students are provided with midterm progress halfway through a semester or session.

  • Only technical qualified biddersshall be processed for valid financial bids (Two Envelope System).

  • Single Stage Bidding & Two Envelope SystemThe details of sealing & marking of bids in each case is given below: Single Stage Bidding & Two Envelope System as per e-tendring method.*No. of Bid Submission Stages for tender : Single Stage.*No. of Electronic Envelopes for submission of Bids : Two Nos- Techno commercial & Financial.

  • These two (2) folders shall be placed into separate envelope forming the Two Envelope System.

  • Offline envelope should be sealed (packing PVC tape / sealing wax) & online envelope should be digitally sealed.12.1.1 The bids are being called under Single Stage Bidding & Two Envelope System the details of sealing & marking of bids in each case is given below:12.1.2 Deleted12.1.3 In Single stage bidding & two envelopes system, the bidder shall submit his bid online in two electronic envelopes digitally sealed.The First Electronic envelope will be named as Techno-commercial bid.

Related to Two Envelope System

  • Cable System means a facility, consisting of a set of closed transmission paths and associated Signal generation, reception, and control equipment, that is designed to provide Cable Service, which includes Video Programming and which is provided to multiple Subscribers within a community, but “Cable System” does not include:

  • Energy storage system means a system which stores energy and releases it in the same form as was input.

  • TARGET2 System means the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) system or any successor thereto.