Unbalanced Bid definition

Unbalanced Bid means a Bid that is based on prices which are significantly less than cost for some bid items and significantly more than cost for others.
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Unbalanced Bid means a bid that is based on prices which are significantly less than cost for some bid items and significantly more than cost for others. [Remainder of page left intentionally blank]
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Unbalanced Bid means a bid in which the bidder places an unreasonably high value on certain items in a unit price contract and an unreasonably low price on other items within the same bid for purposes of front end loading progress payments under a contract (receiving large payments at the beginning of a contract) or for maximizing its profits on items that will be used in a contract in greater quantities than estimated in the tender document and under-pricing items it believes will be used in significantly lesser quantities.
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Examples of Unbalanced Bid in a sentence

  • The Additional Performance Security shall be equal to fifty percent of Unbalanced Bid Amount.

  • Unbalanced Bid means any bid below more than fifteen percent of Estimated Bid Value.

  • Unbalanced Bid Amount means positive difference of eighty five percent of Estimated Bid Value minus Bid Amount Quoted by the bidder.

  • Unbalanced Bid; that is, Bid in which the prices bid for some items are out of all proportion to those Bids of others.

  • Unbalanced Bid Amount means positive difference of eighty-five percent of Estimated Bid Value Minus Bid Amount Quoted by the bidder.

  • The Bidder submits a Materially Unbalanced Bid as defined by 102.08.

  • The Department will reject a Mathematically Unbalanced Bid if the Bid is also Materially Unbalanced.

  • A Mathematically Unbalanced Bid is a Bid containing lump sum or unit price items that do not include reasonable labor, equipment, and material costs plus a reasonable proportionate share of the Bidder’s overhead costs, other indirect costs, and anticipated profit.

  • A Bid is Materially Unbalanced when the Department determines that an award to the Bidder submitting a Mathematically Unbalanced Bid will not result in the lowest ultimate cost to the Department.

  • A Mathematically Unbalanced Bid is a Bid containing lump sum items that do not include reasonable labor, equipment, and material costs plus a reasonable proportionate share of the Bidder’s overhead costs, other indirect costs, and anticipated profit.


More Definitions of Unbalanced Bid

Unbalanced Bid means a Bid which, in the opinion of the Owner, is based on prices significantly less than cost for some work, or prices which are significantly overstated in relation to cost for other work, and if there is a reasonable doubt that the Bid will result in the lowest overall cost to the Unified Government of Athens-Clarke County even though it may be the low evaluated Bid, or if it is so unbalanced as to be tantamount to allowing an advance payment.
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Unbalanced Bid means an offer by the Contractor which (1) contains extremely low prices on items or types of work which are, as determined by the City in its sole discretion, unimportant or infrequently ordered or performed, and extremely high prices on items or types of work which are frequently ordered or performed, resulting in an effort to qualify as the low Bidder while charging disproportionately high prices for certain items or types of work; or (2) contains prices for phases of the work to be performed early in the course of the work under this Contract that are, as determined by the City in its sole discretion, disproportionately high relative to prices for later phases of the work, resulting in payment of a disproportionately high percentage of the total Contract price early in the Contract period.
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Unbalanced Bid means, without limitation, a Bid that the Purchasing Supervisor believes has been manipulated created or developed in order to gain an advantage in the bidding process and can include without limitation circumstances such as where Bids contain overall prices or particular line item Bid prices that appear to be unreasonably high, inflated, excessive or exaggerated, unreasonably low; the inclusion of line items that have not been requested; wide disparities in Bid prices between one Bid submission and other Bid submission(s) and/or submission of artificially highly priced items in Bids or high overall Bid prices for the early stages of a project.
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Related to Unbalanced Bid

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

  • Evaluated Bid means a Bid that factors each Respondent’s Base Bid including any alternates, deductive and additives selected by the City that will result in a weighed reduction based on that Respondent’s percentage of SBE participation, as defined by formula set forth in this chapter or in the SBE Regulations adopted pursuant to this chapter.

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

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

  • 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.

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

  • Selected Bidder or “Successful Bidder” shall mean the Bidder selected pursuant to this RfS to set up the Project and supply electrical output as per the terms of standard PPA.

  • Preferred Bidder means a bidder that is entitled to receive a reciprocal preference under the requirements of this chapter.

  • Settlement Receivable means any general intangible, payment intangible, or instrument representing or reflecting an obligation to make payments to or for the benefit of a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person.

  • Settlement Cycle means the period of Clearance System Business Days following a transaction on the Relevant Exchange in the Underlying, during which period settlement will customarily take place according to the rules of such Relevant Exchange.

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

  • Benchmarked Price means the higher of:

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

  • Permitted Bid means a Take-over Bid made by an Offeror by way of take-over bid circular which also complies with the following additional provisions: