Valid Bid definition

Valid Bid means a Bid which has been submitted in accordance with the requirements of the invitation to submit a Bid and complies with all material requirements set out in the Bid Specifications for the Bid Concerned ;
Sample 1
Valid Bid means a bid that is responsive to the bidding documents and is submitted by a qualified responsible bidder. The validity of the bid is determined by the Agency and the construction management entity.
Sample 1
Valid Bid means the latest Bid of a Participant submitted by one of its Bidder(s) for a Round, which has been validated by Terminal Operator in accordance with the provisions set out in ACTL 2.2.3.
Sample 1

Examples of Valid Bid in a sentence

  • However, detailed evaluation shall be done only in respect of Valid Bid.

  • Bidders, by offering a price equal to or lower than the "Next Valid Bid", can become "L1Bidder" and this continues as an iterative process.

  • Offered Valid Bid Security from Bank or Insurance Company approved by IRA and enlisted by PPRA.

  • An electronic filer that participates in the voluntary XBRL (eXtensible Business Reporting Language) program may submit XBRL-Related Documents(§ 232.11 of this chapter) in electronic format as an exhibit to: the filing to which they relate; an amendment to such filing; or a Form 8–K (§ 249.308 of this chapter) that references such filing, if the Form 8–K is submitted no earlier than date of that filing.PART 232—REGULATION S–T— GENERAL RULES AND REGULATIONS FOR ELECTRONIC FILINGS■ 5.

  • Bidders, by offering a Quoted Tariff lower than the “Next Valid Bid, can become “L1” Bidder and this continues as an iterative process.

  • If a Bidder fails to submit a Valid Bid in the first Round, the Authority shall disqualify that Bidder from the Auction and forfeit an amount (up to the full amount of that Bidder’s Deposit) by way of Penalty from that Bidder’s Deposit where the Deposit is in cash or make a claim under the Letter of Credit to the extent of the relevant amount where the Deposit is a Letter of Credit.

  • Under the Capacity Release Program of this Tariff, a prospective Shipper or bidder may submit a Valid Bid or request transportation service electronically in accordance with Section 30 of these General Terms and Conditions.

  • Where there is more than one Bidder having submitted the same highest Valid Bid in respect of a Frequency Band in the Round described in paragraph 4.12.1(b), the Authority shall determine by random which of such Bidders shall be the Provisional Successful Bidder in respect of that Frequency Band.

  • However detailed evaluation shall be done only in respect of Valid Bid.

  • Offered Valid Bid Security from bank or from an Insurance Company approved by PPRA.


More Definitions of Valid Bid

Valid Bid means a responsive offer in full compliance with the bid specifications and conditions by a responsible person or firm.
Sample 1
Valid Bid means the latest Bid of a Participant submitted by one of its Bidder(s) for a Round, which has been validated by the Storage Operator as provided for in attachment C2 of the ACS.
Sample 1

Related to Valid Bid

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

  • Selected Bidder means the bidder who has been selected by DMRC, pursuant to the bidding process for award of license.

  • Competing Permitted Bid means a Take-over Bid that:

  • 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:

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

  • Bid Proposal or “Proposal” means the bidder’s proposal submitted in response to the RFP.

  • Qualified Bidder(s means a Bidder who fulfills the eligibility criteria listed out in the E-Auction Process Information Document.

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

  • Demand Bid means a bid, submitted by a Load Serving Entity in the Day-ahead Energy Market, to purchase energy at its contracted load location, for a specified timeframe and megawatt quantity, that if cleared will result in energy being scheduled at the specified location in the Day-ahead Energy Market and in the physical transfer of energy during the relevant Operating Day.

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

  • Demand Bid Screening means the process by which Demand Bids are reviewed against the applicable Demand Bid Limit, and rejected if they would exceed that limit, as determined pursuant to Operating Agreement, Schedule 1, section 1.10.1B, and the parallel provisions of Tariff, Attachment K-Appendix.