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 this page left intentionally blank]
Sample 1Sample 2Sample 3
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.

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

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

  • Unbalanced Bid:- In case bid of the lowest bidders is found unbalanced i.e 15% below than advertised cost the bidder shall have to produce additional performance security of 3% of contract in shape of CDR/FDR before issuance of contract allotment.15-9.

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

  • The Additional Performance Security shall be equal to fifty percent of Unbalanced Bid Amount.The Additional Performance Security shall be deposited in lump sum by the successful bidder before execution of Agreement.

  • These quantities will be used only for the purpose of performing the Unbalanced Bid Analysis.

  • The additional Performance Security shall be equal to fifty percent of Unbalanced Bid amount.

  • Materially Unbalanced means a Mathematically Unbalanced Bid, which generates a reasonable doubt that said Bid, will represent the lowest ultimate cost to the Department.


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, 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.
Sample 1
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.
Sample 1

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.

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

  • 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.

  • Servicing-Released Bid As defined in Section 7.01(c).

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

  • Servicing-Retained Bid As defined in Section 7.01(c).

  • 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.

  • Unscheduled Principal Receipt Any Principal Prepayment or other recovery of principal on a Mortgage Loan, including, without limitation, Liquidation Proceeds, Net REO Proceeds, Recoveries and proceeds received from any condemnation award or proceeds in lieu of condemnation other than that portion of such proceeds released to the Mortgagor in accordance with the terms of the Mortgage or Prudent Servicing Practices, but excluding any Liquidation Profits and proceeds of a repurchase of a Mortgage Loan by the Seller and any Substitution Principal Amounts.

  • 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.

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

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

  • Designated Bidder means (a) an Eligible Assignee or (b) a special purpose corporation that is engaged in making, purchasing or otherwise investing in commercial loans in the ordinary course of its business and that issues (or the parent of which issues) commercial paper rated at least "Prime-1" (or the then equivalent grade) by Xxxxx'x or "A-1" (or the then equivalent grade) by S&P that, in the case of either clause (a) or (b), (i) is organized under the laws of the United States or any State thereof, (ii) shall have become a party hereto pursuant to Section 8.07(d), (e) and (f) and (iii) is not otherwise a Lender.

  • Unscheduled Principal Receipt Period Either a Mid-Month Receipt Period or a Prior Month Receipt Period.

  • 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).

  • Review Receivable has the meaning designated in Section 1.02 of the Asset Representations Review Agreement.

  • Benchmarked Price means the higher of:

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

  • Full Unscheduled Principal Receipt Any Unscheduled Principal Receipt with respect to a Mortgage Loan (i) in the amount of the outstanding principal balance of such Mortgage Loan and resulting in the full satisfaction of such Mortgage Loan or (ii) representing Liquidation Proceeds other than Partial Liquidation Proceeds.

  • Discount Range Proration has the meaning set forth in Section 2.05(a)(v)(C)(3).

  • 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: (i) the Take-over Bid is made to all holders of Voting Shares as registered on the books of the Corporation, other than the Offeror; (ii) the Take-over Bid contains, and the take-up and payment for securities tendered or deposited is subject to, an irrevocable and unqualified provision that no Voting Shares will be taken up or paid for pursuant to the Take-over Bid: (A) prior to the close of business on the date which is not less than 105 days following the date of the Take-over Bid or such shorter minimum period that a take-over bid that is not exempt from any of the requirements of Division 5 Bid Mechanics of NI 62-104 must remain open for deposits of securities, in the applicable circumstances at such time, pursuant to NI 62-104 and (B) only if, at the close of business on the date the Voting Shares are first taken up or paid for under such Take-over Bid, more than 50% of the Voting Shares held by Independent Shareholders shall have been deposited or tendered pursuant to the Take-over Bid and not withdrawn; (iii) unless the Take-over Bid is withdrawn, the Take-over Bid contains an irrevocable and unqualified provision that Voting Shares may be deposited pursuant to such Take-over Bid at any time during the period of time described in Paragraph (A) and that any Voting Shares deposited pursuant to the Take-over Bid may be withdrawn until taken up and paid for; and (iv) unless the Take-over Bid is withdrawn, the Take-over Bid contains an irrevocable and unqualified provision that in the event that the deposit condition set forth in Paragraph (B) is satisfied the Offeror will make a public announcement of that fact and the Take-over Bid will remain open for deposits and tenders of Voting Shares for not less than 10 days from the date of such public announcement;

  • Contract Rate means, with respect to a Receivable, the rate per annum at which interest accrues under the Contract evidencing such Receivable. Such rate may be less than the “Annual Percentage Rate” disclosed in the Receivable.